SHANGHAI—China’s yuan rose to a record high for a fourth consecutive day on Thursday, amid broad weakness in the U.S. dollar before and after an 11th-hour debt deal was struck in Washington.
The yuan has gained 0.4% against the dollar since last Friday, putting it on pace for its biggest weekly gain since May. It touched a record 6.0950 per dollar earlier Thursday in the onshore market before closing at 6.0982, compared with 6.0995 on Wednesday.
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Shen Hong, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/ndRSNX__Udw/
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