The Chinese yuan traded higher against the US dollar in Asian deals on Thursday. Currently, the dollar-yuan pair is worth 6.8344, compared to 6.8353 hit late New York Wednesday. If the Chinese currency advances further, it may test near term resistance around the 6.831 level. The People's Bank of China has set today's central parity rate for the dollar-yuan pair at 6.8341. The pair is allowed to strengthen or weaken 0.5% from the parity rate.

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