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Yuan at record high versus dollar after Treasury report

Posted on 30 May 2011

China’s yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated.
The People’s Bank of China (PBOC) fixed the yuan’s mid-point at an all time high of 6.4856 against the US dollar on Monday……………………………………….Full Article: Source


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