PBOC: Today's devaluation based on improved quotation mechanism

FXStreet (Bali) - China Central Bank says today's devaluation in midpoint is based on analysis of fresh economic data and improved quotation mechanism, Reuters reports.

Headlines - via Reuters

China c.bank says says fluctuation in midpoint is normal, result of market forces playing decisive role

China c.bank says there is no basis for a sustained deprecation of yuan given global and domestic economic conditions

China c.bank says daily volatility in yuan will steady after a short period of time as participants grow accustomed to new pricing system