China's yuan barely budged against the dollar on Tuesday, with caution over future prospects for emerging market currencies overshadowing positive foreign investment data. China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world's second-largest economy remains firm even as growth cools.
Spot yuan stood at 6.0648 against the dollar at midday, down 0.01 percent from 6.0641 at Monday's close. The adjustment was guided by the People's Bank of China (PBOC), traders said, which fixed the yuan's midpoint slightly weaker at 6.1073 from Monday's 6.1050.
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