Yuan spot price hits record high for third day

BEIJING, Nov. 14 (Xinhua) -- The spot price of the yuan against the U.S. dollar rose to 6.2252 to hit a record high for the third consecutive day, according to the China Foreign Exchange Trading System.

The yuan's price against the greenback rose by the 1-percent daily trading limit to 6.2252 soon after trading began Wednesday morning.

It was a record high since the country launched its foreign exchange reforms in 2005, a move aimed to add more flexibility to the yuan's value.

The spot price rose to 6.2262 Tuesday, which had been a record and had followed Monday's high of 6.2920.

The central parity rate of the yuan strengthened 10 basis points to 6.2881 against the U.S. dollar on Wednesday.

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