(RTTNews) - In Asian deals on Monday, the Chinese yuan climbed to 6.3508 against the U.S. dollar. The next upside target level for the yuan is seen at 6.346. The dollar-yuan pair ended Friday's trading at 6.3620.
The People's Bank of China set today's central parity rate for the yuan at a fresh record high of 6.3233 per dollar, compared to Friday's daily reference rate of 6.3290.
The Chinese central bank sets the central parity rate every morning and allows the currency to strengthen or weaken 0.5 percent from that level.
