Yuan ends flat

Posted by 7Star Friday, January 29, 2010

The yuan ended flat against the dollar on Thursday after the Chinese central bank nudged its daily mid-point just one pip lower, its aim of keeping the yuan stable despite the dollar's steady climb on global markets. The US dollar index, which tracks the currency's performance versus a basket of six major currencies, hit an intraday high of 79.066 on Thursday, its highest since August 19.

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