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Yuan opens weaker on Friday

15 Jan 2016, 11:14:37 AM

SHANGHAI, Jan 15 (Reuters) - China's yuan weakened at its open on Friday, after the central bank marginally weakened the midpoint.

The People's Bank of China set the midpoint rate at 6.5637 per dollar prior to market open, weaker than the previous fix of 6.5616, and firmer than the previous day's closing quote of 6.589.

The spot market opened at 6.5920 per dollar and was changing hands at 6.5864 in early trade, 26 pips away from the previous close and 0.35 percent away from the midpoint. The spot rate is currently allowed to trade with a range 2 percent above or below the official fixing on any given day.

The offshore yuan was trading 0.42 percent away from the onshore spot at 6.6141 per dollar. (Reporting by the Shanghai Newsroom; Editing by Sam Holmes)

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