"The yuan hit its weakest level against the U.S. dollar since January in offshore trading in Hong Kong on Friday after data showed a sharper-than-expected decline in Chinese foreign-exchange reserves...China’s currency reserves fell by $18.79 billion in September to $3.17 trillion, according to figures from the People’s Bank of China. The drop was larger than the $11 billion fall economists polled by The Wall Street Journal had expected. It followed a drop of $15.89 billion in August and was the largest monthly decline since May.
The fall in China’s foreign-currency reserves suggests capital outflows from the country may have increased last month despite government efforts to stem such flows..."
Offshore Yuan with British Pound
Doh!
