The yuan ended two notches softer at 8.2768 per US dollar on Tuesday, near the stronger end of its trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 975 points implying a rate of 8.1805 yuan per dollar in 12 months' time.
One-year implied yuan volatility was traded at 4.35/5.00 percent on Tuesday.
Implied volatility is a measure of how much the options market expects the price of the underlying asset to move during the life of the option.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover, a moderate $710 million on Monday, hit $720 million on Tuesday.
The yuan strengthened to 7.5283 against 100 Japanese yen from Monday's 7.5519, but weakened versus the euro to 10.0428 from 10.0393.
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