Vs Parity Previous USD/CNY Central Parity 6.1390 6.1355 USD/CNY OTC 0830 GMT 6.0913 -0.78% 6.0905 High 6.0922 -0.76% Low 6.0892 -0.81% SHANGHAI--China's yuan was largely steady late Monday, as the central bank guided the currency slightly stronger but banks onshore curbed its rise with their dollar buying. On the over-the-counter market, the dollar was at CNY6.0913 around 0830 GMT, slightly higher than Friday's close of CNY6.0905. It traded in a range of CNY6.0892 to CNY6.0922. The central bank fixed the pair at 6.1390, up from 6.1355 Friday, after the dollar strengthened globally. The WSJ Dollar Index, which tracks the dollar against a trade-weighted basket of currencies, was at 72.994 late Friday in New York--higher than 72.779 late Thursday. "We don't expect much from the market at the moment," said one Shanghai-based trader with a foreign bank. "Yuan trading will remain stable and quiet (in the near term)," he added. Another Shanghai-based trader said that state banks are continuing to buy the dollar, curbing the yuan's rise. Investors are expecting headlines from the Third Plenum in coming weeks, including clearer direction on possible reform for the country's financial system and economy. The latest major economic indicator was positive -- China released better-than-expected October export data Friday. A stronger economy would support a further rise in the Chinese currency. The yuan has risen 2.3% since the start of the year. Offshore, one-year dollar/yuan nondeliverable forward contracts are up at 6.1575/6.1618, from 6.1550/6.1590 late Friday. In the offshore yuan market in Hong Kong, where the Chinese currency floats freely, the dollar was at CNY6.0786 late Monday, lower than CNY6.0787 late Friday.

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