Yuan ends flat

Posted by 7Star Wednesday, January 13, 2010

The yuan was barely changed against the dollar on Tuesday after the Chinese central bank set the yuan's mid-point only one-pip higher, reinforcing a preference for a stable exchange rate despite a weak dollar. The People's Bank of China (PBOC) set the yuan's daily mid-point against the dollar at 6.8274 on Tuesday, almost unchanged from 6.8275 on Monday.

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