The Chinese yuan will likely move in a narrow range this week after the country's trade surplus in September slowed from a month earlier, analysts said.
The currency settled at 7.5105 against the US dollar on Friday, compared with 7.5047 a week earlier. The currency has appreciated 9.29 percent since the fixed exchange rate of 8.28 to the US dollar was abandoned on July 21, 2005.
China's trade surplus in September reached US$23.91 billion, a fall of US$1.06 billion from the previous month, the General Administration of Customs said on Friday. For the first nine months, the surplus swelled to US$185.65 billion.
(Shanghai Daily October 15, 2007)
