US dollar declines against Chinese yuan
The US dollar declined against the Chinese yuan during trading on Tuesday in the Chinese market.
The People's Bank of China's (PBOC) reference rate today reached 7.1534 yuan per dollar, down 52 pips from yesterday's 7.1586 yuan, after a 15-pips rise.
Chinese regulations allow the yuan to rise or fall by 2 percent from the central bank's reference rate on each trading day in the spot foreign exchange market, according to Xinhua News Agency.
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