Will the People's Bank of China allow its currency to depreciate beyond the "red line" of 6.20 per dollar - the rate analysts warn could cause "major repercussions"?
We could find out today. So far, it's tough to say.
The central bank has just fixed the onshore renminbi exchange rate at 6.1351 per dollar. That's nearly 1 per cent higher than where the market left the currency on Tuesday - at an 11-month low of 6.195 per dollar.
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