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China's yuan hits new high against U.S. dollar

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07-07-2008, 12:00 AM

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China's yuan hits new high against U.S. dollar

China's currency, the yuan, Monday set a new high against the U.S. dollar since the country depegged its currency from the greenback in July 2005. On Monday, the central parity rate of the yuan, or Renminbi (RMB), was set at 6.8567 ...

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