Sun maintained his forecast for the yuan to trade in a range of 6.45 to 6.49 per dollar for the near time, with some upside risks to the Chinese currency
"PBOC Governor Yi Gang reaffirmed that the current level of accommodation is appropriate," Win Thin, global head of currency strategy at Brown Brothers Harriman, said in a note.
On Friday, a Saudi Foreign Ministry official stated that talks between the Kingdom and Iran were aimed to reduce regional tensions, adding that Riyadh wants to see "verifiable deeds".
Sources have reported that the discussions remain focused on the dispute in Yemen and the 2015 Iran Nuclear Deal, with Iraq hosting more than one round of talks.