• The onshore Yuan lost 0.26% to CNY 6.5147 during the European session, after rallying to CNY 6.4910 on Monday, the strongest this year.
  
  
• On the data front from China, Chinese lenders provided a record amount of loans in January. Yuan loans rocketed 71% to CNY 2.51 trillion during the first month of the year.
  
  
• Such upbeat data suggests Beijing is keeping monetary policy loose to boost the slowing economy.
  
  
• In addition, M2 money supply in January rose 14.0 percent in January from a year ago, beating expectations of 13.5 percent.
  
  
• Yesterday PBoC Governor Zhou Xiaochuan said that there was no basis for continued Yuan depreciation.