The yuan closed little changed against the dollar but fell versus the euro on Friday, largely in line with the People's Bank of China's guidance, while a senior official of the central bank reiterated Beijing's position - to steer the yuan in relation to a basket of currencies.
The central bank set the yuan's mid-point, or its reference rate, up against the dollar at 6.7790 from Thursday's 6.7859, but down versus the euro. Since the PBOC announced a depegging of the yuan to the dollar on June 19, it has let the yuan appreciate 0.68 percent, but guided it down by more than 3 percent against the euro and the yen.
The yuan closed at 6.7803 against the dollar, compared with 6.7800 on Thursday.
But as the PBOC fixed a series of weak mid-points earlier this week, the yuan staged another marginal fall versus the dollar over the week, its third consecutive weekly decline, after initially rising following the depegging. Offshore, benchmark one-year non-deliverable forwards (NDFs) were quoted as 6.6950 bid in late trade from Thursday's close of 6.6970, with their implied 12-month yuan appreciation falling slightly to 1.25 percent from 1.33 percent.