Vs Parity Previous USD/CNY Central Parity 6.2970 6.3042 USD/CNY OTC 0830 GMT 6.3088 0.19% 6.3085 High 6.3150 0.29% Low 6.3050 0.13% SHANGHAI (Dow Jones)--China's yuan was little changed against the U.S. dollar late Monday as investors weighed the greenback's broad gains in Asian trading hours against the central bank's move to guide the Chinese currency stronger. On the over-the-counter market, the dollar was at CNY6.3088 around 0830 GMT, up a tad from Friday's close of CNY6.3085. It traded in a range of CNY6.3050 to CNY6.3150. At 0930 GMT, the ICE Dollar Index, which tracks the dollar against a trade-weighted basket of currencies, was at 79.434, higher than 79.164 late Friday in New York. Ahead of trading, the People's Bank of China set the dollar/yuan central parity rate at 6.2970, lower than Friday's 6.3042, following dollar weakness against the euro overseas after the Group of 20 leading economies agreed Friday to boost the IMF's lending capacity by $430 billion, increasing the resources available to contain the festering European sovereign-debt crisis. Traders said the dollar-yuan pair may stay in the 6.3000-6.3100 range in the near future. "The market is quite balanced now, [traders] buy the dollar when the central parity is set lower and they sell when the spot rises above 6.3100," says a Beijing-based local bank trader. China's central bank governor Zhou Xiaochuan said in an interview with Caijing magazine Monday that in future, the PBOC would intervene less frequently in the market and its actions would be more flexible. Zhou reiterated the yuan is nearing "equilibrium" or fair value, and that has made it easier to move ahead with reforms of the exchange-rate mechanism. The yuan has fallen 0.2% since the start of 2012. Offshore, one-year dollar/yuan nondeliverable forward contracts fell to 6.3395/6.3425 from 6.3420/6.3450 late Friday, implying a 0.5% fall by the yuan over the next year. In the offshore yuan market in Hong Kong, where the Chinese currency floats freely, the dollar was at CNY6.3058 late Monday, lower than CNY6.3078 late Friday. -Wynne Wang contributed to this article, Dow Jones Newswires; (86-21) 6120-1200; wynne.wang@dowjones.com

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