The offshore yuan traded near a record low as Chinese policymakers signaled they are willing to allow greater currencyflexibility amid a slump in exports and an advance in thedollar.

The exchange rate was little changed at 6.7828 per dollar as of7:19 p.m. in Hong Kong, after dropping to 6.7885, the weakestintraday level in data going back to 2010. In Shanghai, thecurrency was also little changed at 6.7771, close to a six-year lowand past the 6.75 year-end median forecast in a Bloombergsurvey.

The Chinese currency has come under increased pressure on signsthat investors are taking more money out of the country. A gauge ofthe dollar rose to a seven-month high versus major currenciesMonday as traders bet that the Federal Reserve may raise borrowingcosts soon. Unlike the yuan selloff earlier this year, whichsparked a global market rout, there's no sense of panic yet aspolicy makers maintain a steady exchange rate against othercurrencies.

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