SHANGHAI: China's yuan eased slightly against a firmer dollar on Thursday, as recent disappointing economic indicators continued to weigh on market sentiment, while traders are awaiting US non-farm payrolls due later this week for more clues on Fed tapering.
The People's Bank of China (PBOC) set the midpoint rate at 6.4594 per dollar prior to the market open, the strongest since June 29 and firmer than the previous fix of 6.4680.
In the spot market, the yuan opened at 6.4580 per dollar and was changing hands at 6.4622 at midday, 17 pips weaker than the previous late session close.
Economic fundamentals are among the key factors influencing the yuan, according to market analysts and traders.
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