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SHANGHAI, Aug 8 (Reuters) – China’s yuan set a
new record against the dollar on Thursday morning, with its
second quote coming in at 6.1183 per dollar, its highest since
the Chinese foreign currency market was created in 1994.
The first quote came in at 6.1189, even with Wednesday’s
record intraday high.
The currency has gained 1.8 percent so far this year,
bucking a weak trend in emerging market currencies, but has
flattened out since setting repeated record highs in April and
May.
The central bank set its official midpoint at
6.1703 on Thursday morning, up 0.04 percent from Wednesday’s fix
after the dollar index slid in overnight trade.
