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2011.03.0623:54:00UTC+00Yuan Hits Record High of 6.5649 Vs Dollar Under C.bank Guidance

News:

  • Spot yuan hit a record high of 6.5649 against dollar, up from Friday's close of 6.5686
  • PBOC fixed the yuan's mid-point at a record high of 6.5651 on the dollar, stronger than Friday's 6.5671
  • Dealers expect limited yuan appreciation as Chinese leaders gather in Beijing this week for the annual parliamentary session 
  • Benchmark one-year dollar/yuan NDFs were bid at 6.4050, slightly up from 6.4020 at Friday's close

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