China relaxes control on yuan's value against U.S. dollar

04/15/2012 | Bloomberg · Xinhuanet.com (China) · MarketWatch

China's central bank doubled the trading band within which the yuan can fluctuate against the U.S. dollar. Under the policy, the yuan can rise and fall as much as 1% from the daily rate fixed by the People's Bank of China, the first widening since 2007.

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Bloomberg · Xinhuanet.com (China) · MarketWatch

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