The yuan ended one notch softer at 8.2765 per US dollar on Tuesday, near the stronger end of its managed trading range. The one-year non-deliverable dollar forward discount versus the yuan was at 3,750 points, implying a rate of 7.903 yuan per dollar in 12 months' time. NDFs are a transaction where a forward price is agreed between a customer and a bank, but settlement on the value date is undertaken entirely in US dollars. One-year implied yuan volatility was at 6.50/7.50 percent.
The yuan moves in a band of 8.2760 to 8.2800 enforced by the central bank.
Turnover, a moderate $1.33 billion on Monday, was not immediately available. The yuan firmed to 7.9511 against 100 Japanese yen from 7.9901 on Monday, but softened against the euro to 10.7967 from 10.7761.