BEIJING (XFN-ASIA) - The yuan finished at 7.7165 to the dollar on the over-the-counter (OTC) market, a new high and up from a close of 7.7218 on the previous trading day.

On the exchange-traded market, the yuan also closed at a new high of 7.7160, up from 7.7210 yesterday, a Guangzhou-based trader with a foreign bank said.

The yuan traded between 7.7160-7.7199 in the OTC market and 7.7160-7.7195 in the exchange-traded market.

The central bank set the yuan central parity rate at a record 7.7199 to the dollar today, compared with the midpoint of 7.7238 yesterday.

The People’s Bank of China allows a trading band of 0.3 pct on either side of the midpoint.

derek.jiang@xfn.com