SHANGHAI Jan 5 China's spot yuan
finished up nearly 1 percent against the dollar on Thursday,
supported by gains by the offshore yuan.
The spot market opened at 6.9280 per dollar and was changing
hands at 6.8817 at 4:30 p.m (0830 GMT), 489 pips away from the
previous late session close and 0.71 percent firmer than the
The yuan had settled at 6.9485 at 4:30 pm on Wednesday, and
finished that day's late session at 6.9306.
The spot rate is currently allowed to trade with a range 2
percent above or below the official fixing on any given day.
China takes the official market closing price at 4:30 p.m.
(0830 GMT) into consideration when it fixes the official
guidance rate, in an effort to let market forces play a bigger
role in determining the yuan's value. The market also has a
special evening session lasting until 11:30 p.m.
(Reporting by Winni Zhou and John Ruwitch in SHANGHAI and
Michelle Chen in HONG KONG; Editing by Richard Borsuk)