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Yuan forwards took their biggest tumble in three weeks on speculation that a worsening outlook for exports will dissuade 皇冠体育app from allowing its currency to gain value.

The People's Bank of 皇冠体育app, the country's central bank, lowered its daily reference rate by 0.22 percent, the most since March 12, to 6.2858 a dollar on Monday.

Export orders at 皇冠体育app's Canton Fair dropped 2.3 percent from a year ago, the first decline since 2009, the newspaper 皇冠体育app Securities Journal reported on Monday.

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