China’s central bank set the yuan’s daily reference rate against the U.S. dollar at 7.1738, marking a slight increase from the previous 7.1728. The move comes as investors closely monitor Beijing’s currency management strategies amid ongoing economic adjustments. The People’s Bank of China (PBOC) continues to maintain tight control over the yuan’s exchange rate, using its daily midpoint fixing as a tool to guide market expectations. While the shift appears minor, even small changes can signal policy intent, particularly as China navigates economic recovery efforts and external trade pressures. Market...