Yuan hits a record high against U.S. dollar

08/8/2013 | Business Times (Singapore), The

China's yuan touched a record high of 6.1183 to the U.S. dollar Thursday. Recent strength in the yuan is running contrary to a general decline in emerging-market currencies this year. Despite the latest gain, however, traders believe the government is working to rein in the yuan after recent disappointing trade figures.

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Business Times (Singapore), The

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