China yuan ends at 6.9850 to US dollar vs 7.0014 in OTC trade

The yuan finished at 6.9850 against the US dollar on the over-the-counter (OTC) market, up from 7.0014 yesterday.

On the exchange-traded market, the yuan ended at 6.9958, also up from 7.0093 the previous trading day, a Guangzhou-based trader with a foreign bank said.

The yuan traded between 6.9960 and 6.9830 on the OTC market and between 6.9958 and 6.9838 on the exchange-traded market.

The central bank set the yuan central parity rate at 6.9898 to the dollar this morning, compared with 6.9980 in the previous session.

The yuan's daily trading band is currently set at 0.5 pct.