The yuan on Thursday ended one notch weaker at 8.2765 per US dollar, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan edged higher to 4,800 points, implying a rate of 7.798 yuan per dollar in 12 months' time.
NDFs are a transaction where a forward price is agreed between a customer and a bank, but settlement on the value date is undertaken entirely in US dollars.
One-year implied yuan volatility was traded at 6.5/7.75 percent.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover, which amounted to a heavy $1.83 billion on Wednesday, was not immediately available. The yuan weakened to 7.3664 against 100 Japanese yen from 7.3105 on Wednesday, and softened versus the euro to 10.0641 from 9.9893.
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