China's yuan closed at another record high on Thursday, with traders expressing surprise at the resilience of corporate yuan demand and the central bank's willingness to permit appreciation. Spot yuan touched an all-time high of 6.1307 per dollar in late trade and has now hit intraday records for seven of the last ten sessions. The currency closed near that level at 6.1309.
Highlighting the bullish sentiment, a Reuters poll released on Thursday showed that foreign exchange analysts believe long yuan positions in the market are at their largest in 21 months. The central bank's daily midpoint, set at 6.1925, was also its strongest ever and is the latest in a string of sharply firmer fixings.