Yuan touches record high on dollar supply

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China’s yuan touched a record high versus the dollar in early trade on Monday and stayed near that level at midday, buoyed by an abundance of dollar supply in the market, traders said. 
Spot yuan hit 6.2077 per dollar in early trade, its highest since the China Foreign Exchange Trade System was established in 1994. It was trading at 6.2080 at midday, still up from Friday’s close of 6.2108……….

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