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The offshore yuan extends gains against the US dollar to more than 1,400 pips, or nearly 2%, to recover 7.19 per dollar mark, now trading 7.1864 per dollar.
The onshore extends gains against the greenback to more than 1,300 pips or 2% to break through 7.18 per dollar mark.
The US Dollar Index tumbles by 1% to hit 111.8, leading to a sharp rally in non-dollar currencies.
