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Thursday, November 11, 2010

Chinese yuan rises to its highest since 1993

Thursday, November 11, 2010
Chinese yuan rises to its highest since 1993The Chinese yuan has witnessed a big increase this week leading Asian currencies to rise against the U.S. dollar significantly, where China allowed the yuan to rise after consumer prices showed stronger pipeline pressures and more inflationary pressures. The Chinese yuan rose by 0.5% reaching 6.6257 against the dollar recording its highest level

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