The yuan strengthened against the US dollar on Tuesday after China's central bank set the daily midpoint at its firmest level in a year.

SINGAPORE: Japanese rubber futures closed flat on Monday as sliding oil prices and concerns over China’s economic slowdown countered support from a weaker yen.

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At 8 am, the local note rose to 4.2165/2300 against the greenback from 4.2240/2275 at last Friday's close.

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The dollar remained on the back foot on Friday as global trade frictions and signs of weakness in the US economy supported the case for more rate cuts by the Federal Reserve.