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BEIJING (MNI) - The yuan was stronger against the U.S. dollar on Friday
after the People's Bank of China set the fixing rate stronger for the day.
The yuan was last at 6.6259 against the U.S. unit, compared with the
official closing price of 6.6327 on Thursday.
The PBOC set the yuan central parity rate at 6.6277, 0.01% stronger than
Money market rates were lower Friday morning. The seven-day repo average
was last at 2.7470%, compared with Thursday's average of 2.8874%. The overnight
repo average was at 2.6927%, compared with Thursday's 2.7873%.
The PBOC drained CNY10 billion in liquidity via open-market operations on
Friday. A total of CNY80 billion in treasury deposits will also mature on
The yield on benchmark 10-year China government bonds was last at 3.9281%,
compared with the previous close of 3.9167%.
Stocks fell, with the winery, ceramics and airplane manufacturing sectors
leading losses. The benchmark Shanghai Composite Index was last down 0.55% at
3,380.57. Hong Kong's Hang Seng Index was 0.87% higher at 29,270.02.
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