Fragility in the Yuan exchange rate has been quite a visible one post-British referendum. Yuan has weakened to 6.66 per Dollar but a rumor today morning that People's Bank of China (PBoC) will tolerate greater weakness in Yuan. Yuan traded as high as 6.702 per dollar in the offshore market.

We, at FxWirePro, had predicted that Yuan weakness will continue to at least 7 per dollar.

Read more on China and the yuan in our special coverages, here, http://www.econotimes.com/topics/china-renminbi-series 

Chart Courtesy - Tom Orlik, Bloomberg