Trump's Rhetoric, Strong Dollar Blamed as Yuan's Value Slides

China's yuan passed another milestone on the devaluation road Friday as the central bank, responding to a strengthening greenback, set the currency's daily fixing rate at more than 6.8 to the dollar.

The People's Bank of China set the central parity rate's midpoint at 6.8115 yuan per dollar — the Chinese currency's weakest point since September 2010.

Forex market analysts who've been watching the yuan's value decline over the past year blamed the latest weakening on delays for China's structural reform campaign and the specter of U.S. trade protectionism under U.S. President-elect Donald Trump.