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The Chinese yuan may remain in the range of 6.3 to 6.7 against the dollar for 2021 with the central point around 6.4 to 6.5, the Economic Daily said citing Tang Jianwei, an analyst at the Bank of Communications. The recent yuan appreciation can be attributed to the strong domestic recovery and dovish stance of the Federal Reserve holding down the dollar index, said Zhou Maohua, an analyst with Everbright Bank. The yuan closed at 6.4383 against the dollar on Wednesday.