- China's yuan edged up against the dollar by midday on Thursday as a recovery in the country's major stock indexes boosted sentiment on the currency in spite of a weaker midpoint.
- Traders cited large transactions by state-owned banks possibly on behalf of the central bank, which supported the Chinese currency in both spot and derivative markets.
- China's yuan closed firmer against the dollar on Thursday, 0.08 percent stronger than the previous close of 6.4105.
- The spot market opened at 6.4155 per dollar but reversed its earlier losses to close at 6.4053.
- Onshore one-year yuan/dollar deliverable forwards were quoted at 6.5208 late on Thursday from Wednesday's close of 6.5790.