The Chinese currency, renminbi (Yuan), opened weaker on Friday, with the central parity rate slipping by 34 basis points to 7.1152 per dollar.
According to figures released by the China Foreign Exchange Trade System, the Yuan is permitted to fluctuate by up to two per cent from the set central parity rate during daily trading in the spot foreign exchange market.
The reference rate is determined each business day using a weighted calculation of quotes submitted by market participants before the interbank market begins trading.