The depreciation of the Chinese currency yuan continued for a straight 10th day on Thursday. The People's Bank of China set the yuan's midpoint rate at 6.8692 against the dollar. That was 100 basis points weaker than the yuan's previous fix.

The fix was also the lowest since August 2008. The offshore yuan was traded down 0.09% to around 6.8837 against the dollar. The yuan has been under pressure from a strong dollar. That's after surprise eased over Donald Trump's win in the U.S. presidential election and markets widely expect a December rate hike from the U.S. Fed.