New | China’s spot yuan stable as PBOC sets benchmark rate at weaker level

Stacks of Chinese yuan change hands as the currency was virtually flat on Friday against the US dollar. Photo: AFP

The yuan was almost unchanged on Friday morning as China’s central bank set the midpoint rate at a weaker level.

The onshore yuan was unchanged at 6.2068 as of 11 am, while the offshore yuan strengthened 0.01 per cent, or 5 basis points, to 6.2115.

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