Yuan Climbs to Post-Peg High as China Focuses on Curbing Prices

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Yuan Climbs to Post-Peg High as China Focuses on Curbing Prices

Post by yunowu on Sun Jul 13, 2008 8:51 pm

The yuan advanced 0.12 percent to 6.8263 versus the dollar
as of 10:18 a.m. in Shanghai, from 6.8340 at the end of last
week, according to the China Foreign Exchange Trade System. It
rose as high as 6.8253 today, the strongest since the dollar peg
was scrapped... cheers cheers cheers cheers cheers
http://www.bloomberg.com/apps/news?pid=20602097&sid=aCTAMF3iIJ7A&refer=world_currencies

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Yuan's Advance This Year Exceeds Gains for All 2007; Bonds Rise

Post by yunowu on Sun Jul 13, 2008 8:55 pm

July 11 (Bloomberg) -- The yuan's gains this year exceeded
its advance in all of 2007 as China pledged to maintain efforts
to strengthen the currency to stem inflation and narrow the
trade surplus. Bonds rose...
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=acyEOW9pZma4

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