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The spot yuan strengthened to 6.7057 per dollar, 61 pips firmer than the previous close, as exporters converted dollar holdings before the week-long holiday. The People's Bank of China set the midpoint at 6.7411 per dollar, tighter than Reuters' estimate.
The Chinese yuan strengthened against the US dollar on Tuesday, as exporters ramped up conversion of their dollar holdings into the local currency ahead of the National Day holiday, offsetting pressure from a firm greenback that hovered near a two-month high.The spot yuan FX_IDC:USDCNY opened at 6…