China's yuan falls slightly on central bank guidance

HONG KONG: China's yuan fell slightly against the dollar on Thursday, guided by a weaker midpoint set by the central bank to reflect strength in the global dollar index.

The People's Bank of China fixed the midpoint at 6.1453 per dollar prior to market open, down 0.05 percent from the previous day's 6.1425.

The spot market changed hands at 6.1315 near midday, down 0.03 percent from Wednesday's close at 6.1299.

The yuan's spot rate is currently allowed to trade 2 percent

above or below the midpoint.