China's yuan closed slightly firmer at 8.0755 against the dollar on Monday, but dealers said movement was limited by holidays and a quiet dollar.
The yuan, which was revalued by 2.1 percent on July 21 to 8.11 per dollar, has appreciated another 0.43 percent since the policy move. It closed at 8.0762 on Friday.
"The yuan today was very quiet compared with last Friday because people were away," said a Shanghai-based dealer at a large foreign bank. "One of the reasons the yuan was quiet was that there was no big movement for the dollar because of Christmas."
The dealer added that there had been no signs of central bank intervention in the market. The yuan dropped suddenly last Tuesday following a remark by a senior Chinese economist that its trading band should not be widened. It only began to pick up again, albeit slowly, during Friday's trading, but its recovery slowed on Monday.
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