SHANGHAI (Reuters) -- China's central bank lowered its official yuan midpoint to a fresh 11-1/2-year low on Tuesday, but at a firmer setting than traders had expected.
The People's Bank of China (PBOC) set the midpoint rate at 7.0810 per dollar prior to market open, 240 pips or 0.34% weaker than the previous fix of 7.0570 and the weakest since March 18, 2008.
