Investors across the globe eyed the yuan, as the People's Bank of China attempted to reassure markets that it did not plan to continuously devalue the Chinese currency.
In a press conference in Beijing, an official from the central bank said the country's strong economic environment, sustained trade surplus, sound fiscal position and deep foreign exchange reserves provided "strong support" for the exchange rate.
The official did add, however, that the central bank would monitor "abnormal" cross-border flows.
Back in Europe, investors monitored developments on Greece's third bailout, which now needs to be agreed by euro zone governments.
Trouble may be brewing once more in Athens, with rebels from the ruling Syriza party planning to vote against the bailout deal, according to Reuters. These leftist rebels are also edging towards a formal split from the main body of the party.
Also on Thursday, minutes from the European Central Bank's last monthly meeting showed that officials were concerned that volatility in Chinese markets could have more impact on Europe than previous feared.