Yuan falling again fuelling reports of the PBOC wanting further devaluation

The PBOC were out with an intervention denial earlier and that only help send the Yuan to new 5 1/2 year lows of 6.6591.

Market now of the opinion that the rumours of them wanting the pair to hit 6.800 by year-end may not be so far off the mark.

Update: Official close at 08.30 GMT 6.6582 vs 6.6433 yesterday