Yuan continues strong showing against dollar

The yuan continued its strength against the dollar on Thursday, following fresh remarks of a senior official with the central bank that the currency would not see substantial fluctuation.

Before the market opened, the central bank set the central parity rate at 6.8629 per dollar on Thursday, edging up for the fourth consecutive day this week.

The yuan can be traded at 2 percent up or down from the reference rate in the market.