The offshore yuan traded at 6.7895 per dollar on Thursday, rising a marginal 0.07% in Asian trade as investors paused ahead of the release of US nonfarm payrolls data.

The currency remained confined to a narrow band, reflecting cautious positioning ahead of a key macroeconomic catalyst that could reshape expectations for Federal Reserve policy.

Market participants are closely monitoring the upcoming jobs report for signs of labor market resilience or softening.

The data will provide critical insight into the US economic trajectory and influence the outlook for interest rates, which in turn drives flows across major currency pairs.

Until the figures are released, volatility in the USD/CNY pair has remained subdued.

This quiet session follows a period of heightened activity in other asset classes.