China’s currency, the yuan advanced against the greenback in avian trade Wednesday.
The yuan hit as high as 6.8275 versus the buck in early trade compared to Tuesday’s New York session close of 6.8290.
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If the Chinese currency moves up further, 6.825 is seen as the next upside target level.
People's Bank of China has set Wednesday’s central parity rate for dollar-yuan pair at 6.8280. The pair is allowed to move 5% above or below the target rate.
