The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1373 on Tuesday, 37 pips weaker than the 6.1336 fixing on Monday, according to the China Foreign Exchange Trade System. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi eased 0.02 percent to 6.0855 on Monday after trading between 6.0820 and 6.0861 in Shanghai. The redback’s daily midpoint against the US dollar has risen 2.41 percent this year, central bank data showed.
– Contact HKEJ at [email protected]