The Chinese yuan hit a post-revaluation high against the dollar Monday after the People’s Bank of China set the yuan’s reference rate for trading at its highest level since the central bank began publishing the daily fix in 1994. The yuan can rise or fall 0.5% each day from the reference point.
Continue reading Yuan Hits High Vs. U.S. Dollar as China Bumps Exchange Rate Peg
Yuan Hits High Vs. U.S. Dollar as China Bumps Exchange Rate Peg originally appeared on DailyFinance on Mon, 13 Sep 2010 08:57:00.