PBOC Slightly Lifts Daily Yuan Fix Against US Dollar
The People's Bank of China (PBoC) has set the central reference rate for the onshore US dollar - Chinese yuan pair (USD/CNY) at 6.7928 for Tuesday's trading session.
This is a slight increase from the previous day's official fixing level of 6.7911.
The PBoC continues to use multiple policy tools, including the Loan Prime Rate, to affect funding costs and the Renminbi's exchange rate.