China's yuan edged down against the dollar on Monday after the greenback gained in global markets in response to strong US job growth and mixed economic data from China. Spot yuan closed at 6.2181 per dollar, down 0.05 percent from Friday's close. The spot rate's decline closely tracked the central bank's daily midpoint.
The People's Bank of China (PBOC) set its fixing at 6.2769 on Monday, 0.08 percent weaker than Friday's fix. The PBOC typically fixes the yuan weaker when the dollar gains in global markets. The dollar index bolted to a seven-month high on Friday after the stronger-than-expected US employment report. Volume on Monday was about average at $13.7 billion yuan.
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