| China raised the central rate for its yuan currency by the largest amount in a decade Monday, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets.
The world's second largest economy adjusted the yuan's mid-rate upwards by 0.54 percent against the US dollar, according to an announcement by the central People's Bank of China (PBOC). Bloomberg News reported that the increase was the largest since 2005, when Beijing unpegged the yuan from the dollar...............................................Full Article: Source
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