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Chinese yuan breaks 6.42 against US dollar

08-10-2011 14:31 BJT

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On US dollar weakness, the Chinese yuan, surged to a new high against the greenback this morning, breaking the 6.42 level.

The yuan's midpoint gained 168 basis points to 6.4167 per U.S. dollar. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the midpoint each trading day.

Editor:Li Wanran |Source: CNTV.CN

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