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Chinese Yuan Hits New High, US Pressure Stays Strong

September 29, 2010

The yuan hit 6.6855 versus the dollar in early trade on Wednesday, its highest level since the Chinese currency's July 2005 revaluation after China's central bank set a a record high mid-point amid lingering pressure from Washington on Beijing to let the yuan appreciate.

Source: http://www.cnbc.com/id/39410879?__source=RSS*tag*&par=RSS
 
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