The Chinese currency, the yuan, was firmer against the US dollar on Friday, capping its fourth consecutive week of gains, aided by China's solid economic data and tighter liquidity as well as expectations of more foreign capital inflows.
In the spot market, the yuan opened at 6.4810 per dollar and was at 6.4851 by the 0830 GMT domestic close, scoring a four-week winning streak against the greenback. The offshore yuan was trading 0.10 percent away from the onshore spot at 6.4806 per dollar. China's benchmark 10-year government bond yield hovered near 4 percent, the highest in three years, compared with 2.45 percent for 10-year US Treasuries, as Beijing's deleveraging campaign helped widen the spread.