China’s yuan pared losses seen Friday after the central financial institution signaled its assist for the managed foreign money by way of a stronger-than-expected every day reference fee.The Folks’s Financial institution of China set the yuan’s fixing at 7.0996 per greenback on Monday versus 7.2222 as forecast by analysts in a Bloomberg survey — the most important strengthening bias since November. The fixing was set at 7.1004 within the earlier session.