BEIJING (MNI) - Onshore China spot yuan hit fresh new record highs on
Thursday after the central bank set a post-reform record reference rate.
The yuan was traded at 6.1695 at the lunch break, the strongest ever
intraday high since currency reforms started in July 2005. It closed Wednesday
The People's Bank of China set the yuan's central parity rate at 6.2300
earlier this morning, beating the previous record high of 6.2342 set on April
In the offshore market, the yuan 12-month NDF, non deliverable forward,
contracts were last quoted at 6.2475/2505, versus 6.2490 closed Wednesday.
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