Vs Parity Previous USD/CNY Central Parity 6.1807 6.1790 USD/CNY OTC 0830 GMT 6.1337 -0.76% 6.1326 High 6.1397 -0.66% Low 6.1332 -0.77% SHANGHAI--China's yuan ended lower against the U.S. dollar Monday, after the central bank guided the pair's fixing higher in response to the dollar's strength Friday against its major rivals. The greenback rose Friday after a better-than-expected U.S. jobs report bolstered expectations that the world's largest economy will continue to expand faster than other major economies. On the over-the-counter market, the dollar was at CNY6.1337 around 0830 GMT, higher than Friday's close of CNY6.1326. It traded in a range of CNY6.1332 to CNY6.1397. The People's Bank of China set the dollar/yuan central parity rate at 6.1807, higher than Friday's 6.1790. Like last week, the pair moved in a relatively tight range Monday, traders said. "Some dollar buying kicked in during the morning session after the U.S. unit's strength in global markets Friday, but corporates started to sell to take profit in the afternoon, offsetting part of [the dollar's] early gains against the yuan," said a Beijing-based local bank trader. The dollar may decline against the yuan in the near and medium term, but the pace of the fall may slow a bit due to seasonal factors, the trader added. The yuan has risen 1.6% since the start of 2013. Offshore, one-year dollar/yuan nondeliverable forward contracts rose to 6.2968/6.3011 from 6.2920/6.2970 late Friday, implying a 2.6% fall by the yuan over the next year.

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