<ul><li>The People’s Bank of China (PBOC) has cut its yuan guidance for the sixth consecutive trading session, signaling acceleration of the currency's decline.</li><li>A weaker yuan can help alleviate the impact of tariffs on China's exports, but there is a risk of destabilizing China's financial system due to potential capital outflows.</li><li>The PBOC has instructed state-owned banks to reduce their U.S. dollar purchases to stabilize the yuan's value.</li><li>Despite the declining value of the yuan, the PBOC is setting its midpoint at a stronger level, attempting to maintain stability amidst the trade war.</li></ul>

Chinese Yuan Hits Lowest Level Since the 2008 Financial Crisis

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