China's yuan lost ground against the dollar on Wednesday after hitting a post-revaluation closing high the previous day, as the dollar strengthened on global markets.
The yuan, which was revalued by 2.1 percent on July 21 to 8.11 per dollar, closed at 8.0804, after ending at 8.0796 the previous day.
That has led to a weaker yuan, dealers say, as the currency's movement is increasingly aligned with events taking place on the global markets.
On Friday the Bank of China, the country's dominant foreign exchange bank, offered to buy the dollar at 7.9997 yuan from its customers and offered to sell the dollar at 8.0950.
One-year onshore yuan forwards were quoted at 7.7910 per dollar on Wednesday, anticipating that the yuan would be 3.7 percent stronger in a year's time. Five deals were done.
The yuan strengthened against the euro to close at 9.5225 versus 9.5453 on Tuesday, and also firmed to 6.7673 per 100 yen from 6.7866, the central bank said on its Web site.
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