China's currency yuan Friday gained 61 basis points from Thursday to a record new high of 6.4990 per U.S. dollar since the yuan started trading in 1994.
It's the third consecutive trading day that yuan climbed to a historic high against the dollar.
The yuan may rise or fall 0.5 percent from the central parity rate each trading day on China's foreign exchange spot market.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
There are market speculation saying China may be planning a one-off appreciation of the yuan, with some predicting the yuan rose by as much as 10 percent against the dollar. However, according to Merchants Securities' general manager Wen Tianna, the possibility for a one-off yuan revaluation is very small. China will enhance the flexibility of yuan to ease inflationary pressue, said Wen.
