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The yuan hits a record high for the second day in a row, touching an intra-day peak of 6.2654...

The yuan hits a record high for the second day in a row, touching an intra-day peak of 6.2654 vs. the dollar in early trade. The PBOC set the yuan's midpoint at 6.3264, marginally higher than 6.3391 yesterday. "Clients' dollar sales are the key factor for the yuan to rise this week," says a dealer at a U.S. bank.
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