SHANGHAI: China's yuan hit the lower trading limit against the dollar from the Chinese central bank's mid-point on Friday, propelled by dollar demand ahead of the week-long National Day holiday next week, traders said.
Spot yuan was at 6.3867 against the dollar in early trade, weakening to its trading limit of 0.5 percent from 3.3549, the record high fixing set by the People's Bank of China on Friday.
The dollar/yuan exchange rate may rise or fall 0.5 percent from the mid-point each day.
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