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BEIJING (XFN-ASIA) - The yuan finished at 7.6512 to the dollar on the over-the-counter (OTC) market, down from 7.6473 on the previous trading day.
On the exchange-traded market, the yuan fell to 7.6503, compared to a close of 7.6460 on Friday, a Guangzhou-based trader with a foreign bank said.
The yuan traded between 7.6520-7.6480 on the OTC market and 7.6509-7.6475 in the exchange-traded market.
The central bank set the yuan central parity rate at 7.6522 to the dollar earlier this morning, compared with the midpoint of 7.6497 on Friday.
China's central bank has widened daily trading band of the yuan currency to 0.5 pct from 0.3 pct, effective from May 21.
BEIJING (XFN-ASIA) - The yuan finished at 7.6512 to the dollar on the over-the-counter (OTC) market, down from 7.6473 on the previous trading day.
On the exchange-traded market, the yuan fell to 7.6503, compared to a close of 7.6460 on Friday, a Guangzhou-based trader with a foreign bank said.
The yuan traded between 7.6520-7.6480 on the OTC market and 7.6509-7.6475 in the exchange-traded market.
The central bank set the yuan central parity rate at 7.6522 to the dollar earlier this morning, compared with the midpoint of 7.6497 on Friday.
China's central bank has widened daily trading band of the yuan currency to 0.5 pct from 0.3 pct, effective from May 21.
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