China’s yuan weakened against the dollar on Tuesday, as comments from a key central bank official bolstered expectations of policy easing to shore up demand amid a fragile economic recovery. Zou Lan, monetary policy department head of People’s Bank of China (PBOC), said the central bank may use open market operations, medium-term lending facilities (MLF), and reserve requirements among other monetary policy tools to support reasonable growth in credit, state media reported late Monday. “A key policymaker at the PBOC is laying the groundwork for more easing soon, likely to further stoke easing expectations and driving ... (full story)