China's yuan eased versus the dollar on Wednesday, weakening after recording post-revaluation highs in each of the past four sessions, with no signs of central bank intervention.
The yuan, which was revalued by 2.1 percent on July 21 to 8.11, moved in a 13-tick range and closed at 8.0925 versus 8.0913 - its strongest finish since the groundbreaking policy change - on Tuesday. It has appreciated 0.22 percent since the revaluation.
Dealers attributed the weakness to a technical correction after days of gains, as the central bank stayed out of sight for the whole day. The yuan closed firmer against 100 yen at 7.3778 on Wednesday from 7.3879 on Tuesday, and eased against the euro to 10.1340 from 10.1040, according to the central bank.
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