China's yuan ticks up after faster-than-expected CPI rise, firmer fix


— Reuters

SHANGHAI: China's yuan advanced slightly against the U.S. dollar on Friday, after data showed the country's consumer prices rose at a faster-than-expected rate in July, while the official fixing was also set firmer.

The spot yuan opened at 7.1770 per dollar and was last trading 65 pips firmer than the previous late session close and 0.33% weaker than the midpoint.

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China , CPI , consumer price index , yuan

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