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Chinese yuan

ends down vs

$ in Shanghai

SHANGHAI: The Chinese yuan ended down at 8.3134 against the US dollar from Tuesday's 8.3125 on the Shanghai-based interbank market, falling off a support at 8.3130 level.

It opened at an intra-day high of 8.3126 and shortly moved down to a low of 8.3140. It then moved mainly between 8.3131 and 8.3135 with most transactions made at between 8.3131 and 8.3133.

"In today's trading, bids for the US dollar successfully depressed the yuan below 8.3130 and caused most business to be made in the range," said one dealer. "But the yuan did not break through 8.3140 level where it had new support."

Traders said the dollar had been rising steadily in the past two weaks, which meant the yuan might continue to consolidate down in the short term.

The yuan closed down at 8.5550 against 100 Japanese yen from 8.5500. It ended down at 1.0730 against the Hong Kong dollar from 1.0727.-Reuter