Yuan Hits Second Straight Record High -- Business Recorder
China's yuan hit a record high against the dollar for a second straight day on Tuesday, thanks to sustained bullish sentiment for the currency from Chinese companies, with further gains seen in the near term. The central bank allowed the yuan a bit more room to rise by setting the midpoint fix at 6.2891 per dollar, slightly stronger than Monday's fix of 6.2920.
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Update #1: China's yuan hits record high on economic recovery -- AFP
Update #2: Yuan sets record high vs US$ for second day -- Business Times
My Comment: I am old enough to remember the days when the US dollar was king.
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