Chinese yuan notches stronger

02 Apr, 2004

The yuan ended two notches stronger versus the dollar at 8.2768 on Thursday, remaining near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 3,670 points implying a rate of 7.911 yuan per dollar in 12 months' time.
One-year implied yuan volatility was traded at 7.75/8.70 percent on Thursday.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover for the day was temporarily unavailable. It rose to $760 million on Wednesday. The yuan weakened to 7.9472 against 100 Japanese yen from 7.9432 and softened against the euro to 10.1552 from 10.1328.

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