Signs that China is becoming more forceful in supporting its markets provided some relief for developing-nation assets battered by concerns over the world’s second-largest economy.

China’s firmer stance on Yuan sparks relief in emerging markets

The dragon seems to have lost its roar at the Chinese Yuan sleep to a seven-month low. This comes against the backdrop of China cutting key lending benchmarks disappointment over the lack of stimulus measures to boost economic growth and the overall strength of the dollar was weighed heavily on the Chinese currency. The offshore Yuan dropped below 7.2 percent per dollar hitting a level not seen since late last year now while China's Central Bank implemented modest interest rate cuts to support the economy.

China's Yuan vs Dollar: China's Yuan on a slippery slope as it hits 7-month low

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China’s firmer stance on Yuan sparks relief in emerging markets

China's Yuan vs Dollar: China's Yuan on a slippery slope as it hits 7-month low