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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