HONG KONG: China’s yuan fell against the dollar on Thursday, though the central bank set a stronger midpoint after the dollar retreated to near its lowest levels in more than two months.
The People’s Bank of China set the midpoint rate at 6.1113 per dollar prior to market open, firmer than the previous fix of 6.1156.
The spot market opened at 6.2002 per dollar and was changing hands at 6.2043 at midday, 36 pips weaker than the previous close and 1.52 per cent weaker than the midpoint.
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