PBOC sets yuan midpoint at 7.1576/dollar vs last close of 7.2114

<p>The Reuters estimate for the yuan midpoint was 7.2023, but the actual midpoint has been set lower at 7.1576/dollar. That compares to the last close at 7.2114. Yesterday there was a similar spread between the estimated midpoint and the actual midpoint set by the PBOC.</p>

This article was written by Greg Michalowski at www.forexlive.com.