SINGAPORE – The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. China on Tuesday lowered its one-year and five-year loan prime rates (LPR) by 10 basis points, as widely expected, as authorities seek to shore up a slowing recovery in the world's second-largest economy. The offshore yuan dipped slightly following the decision and was down more than 0.1 percent at 7.

https://business.inquirer.net/406372/dollar-buoyant-yuan-wobbles-after-china-cuts-lending-benchmarks

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