The yuan rose against the dollar on Tuesday, hitting its highest level in seven months, after the Chinese central bank set a stronger reference rate in the wake of a 1.04 percent fall in the US Dollar Index overnight. Spot yuan climbed to an intraday high of 6.8187 versus the dollar, nearing 6.8099 - its traded peak since China revalued its currency in July 2005.
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1 Comment
Great news.
Posted on May 16, 2009 at 12:57 AM
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