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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.

Copyright Reuters, 2004

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