China's yuan eased against the US dollar on Friday, pressured by a rise in the greenback in global markets on the news that the leaders of North Korea and the United States could meet by May. Prior to market opening, the People's Bank of China (PBOC) set the yuan's midpoint rate at 6.3451 per dollar, 212 pips or 0.33 percent weaker than Thursday's fix of 6.3239.
In the spot market, the onshore yuan opened at 6.3474 per dollar and eased to a low of 6.3594 before changing hands at 6.3436 at midday, 58 pips weaker than the previous late session close but 0.02 percent firmer than the midpoint.
The Thomson Reuters/HKEX Global CNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 96.87, firmer than the previous day's 96.79.
The offshore yuan was trading 0.01 percent firmer than the onshore spot at 6.3429 per dollar.
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