Friday, July 27, 2012 - 04:50

China Yuan Ends Up At 6.3807 Friday Vs 6.3841

BEIJING (MNI) - Spot yuan ended up at 6.3807 against the dollar on Friday in the onshore market, boosted by a euro rebound from previous lows and compared to the 6.3841 close on Thursday.

The close was up for a third day in a row, tracking gains in the euro following the strong tone from the European Central Bank about protect the single currency union.

The fixing was set at 6.3325 vs Thursday's 6.3381.

In the offshore non-deliverable yuan forward market, the one-year contract was trading at 6.4330 against the dollar, slightly stronger than Thursday close of 6.4365. **MNI Beijing Newsroom +86-10 8532 5998**

[TOPICS: M$Q$$$,MMQPB$,M$A$$$]

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