RMB edges up on US dollar

China's yuan closed at 8.0751 to the dollar Tuesday, the highest level it has attained since the July revaluation, Reuters reported. The renminbi, or yuan, was revalued by 2.1% on July 21 to 8.11 to the dollar, and has since risen an additional 0.43%, closing at 8.0770 Monday. There was little sign the central bank was active in the market. People's Bank of China chief Zhou Xiaochuan said Tuesday he did not expect further pressure on the yuan to rise if the trade surplus became smaller. The RMB ended lower against the euro at 9.6515 versus 9.5575 Monday and weaker against the yen at 6.7399 to 100 yen versus 6.6809.