Chinese yuan hit three-year high against dollar, offshore yuan broke through 6.4 mark for first time since June 2018

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China's yuan hit a near three-year high against a weaker dollar on Tuesday, with the offshore yuan jumping above the 6.4 per dollar mark for the first time since mid-June 2018. Investors have started gauging the authorities' tolerance for a rapidly strengthening currency.

The offshore yuan hit 6.3944 per dollar at one point on Tuesday. The onshore yuan opened at 6.4110 per dollar and jumped to a high of 6.4030, the strongest level since June 2018.

"The RMB still sees the strongest appreciation pressure, and this translates to . . .

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