Reuters: US Dollar Report: Yuan sets record high against dollar for second day

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Yuan sets record high against dollar for second day Aug 8th 2013, 01:51 SHANGHAI | Wed Aug 7, 2013 9:51pm EDT SHANGHAI Aug 8 (Reuters) - China's yuan set a new record against the dollar on Thursday morning, with its second quote coming in at 6.1183 per dollar, its highest since the Chinese foreign currency market was created in 1994. The first quote came in at 6.1189, even with Wednesday's record intraday high. The currency has gained 1.8 percent so far this year, bucking a weak trend in emerging market currencies, but has flattened out since setting repeated record highs in April and May. The central bank set its official midpoint at 6.1703 on Thursday morning, up 0.04 percent from Wednesday's fix after the dollar index slid in overnight trade.

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