Chinese yuan unchanged versus US dollar

07 Apr, 2004

The yuan ended unchanged versus the dollar at 8.2769 on Tuesday, remaining near the stronger end of its managed trading range.
The one-year non-deliverable dollar forward discount versus the yuan was at 3,550 points implying a rate of 7.923 yuan per dollar in 12 months' time.
One-year implied yuan volatility was traded at 7.50/9.00 percent on Tuesday.
Implied volatility is a measure of how much the options market expects the price of the underlying asset to move during the life of the option.
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 $590 million on Monday.
The yuan strengthened to 7.7903 against 100 Japanese yen from 7.9001, and firmed against the euro to 9.9554 from 10.0171.

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