Prior to market opening, the People's Bank of China (PBOC)
set the midpoint rate at 6.4693 per dollar, 166 pips,
or 0.26%, softer than the previous fix of 6.4527, and the
weakest since Aug. 27.
· Aussie perks up as Evergrande relief lifts investor sentiment
The Australian dollar jumped and the safe-haven yen eased slightly on Wednesday after struggling Chinese property giant Evergrande said it would make an upcoming bond coupon, allaying immediate fears about a messy corporate collapse.
Investors are still nervous about the fate of Evergrande, which missed interest payments due Monday to at least two of its largest bank creditors, Bloomberg reported.
The dollar index stood at 93.226in early Asian trade, staying not far off Monday’s one-month high of 93.455.
The euro hardly budged at $1.1725, having stabilized at a one-month low of $1.1700 on Monday.
Cryptocurrencies bounced back a tad after plunges in the previous session.
Bitcoin rose 3.8% to $42,134 after having hit a 1-1/2-month low of $39,573. Ether gained 3.7% to $2,868, having fallen to as low as $2,732, down more than 30% from a four-month peak hit earlier this month.
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