Chinese yuan firmer versus US dollar

26 Feb, 2004

The yuan ended one notch firmer versus the US dollar at 8.2770 on Wednesday, remaining near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 4,500 points implying a rate of 7.828 yuan per dollar in 12 months' time.
One-year implied yuan volatility was traded at 8.40/10.00 percent on Wednesday.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover was not immediately available. It climbed to $730 million on Tuesday from the previous session's $560 million.
The yuan weakened to 7.6546 against 100 Japanese yen from 7.6179, and softened against the euro to 10.5026 from 10.3738.

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