A weaker yuan has previously been a key source of contention between U.S. and the China, with U.S. President Donald Trump accusing Beijing of intentionally letting its currency slide lower.
"I think there's another trend that's emerging ... China doesn't want its currency to be that volatile, or be seen to be a currency which is not seen to be stable enough to be a long time venue for being a reserve currency," Morgan Stanley's Chetan Ahya told CNBC on Thursday.
In fact, Goldman Sachs predicted that the yuan will strengthen to 6.70 per the greenback in the next 12 months, adding that investors will look past the short-term "noise."
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