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RMB VS US $ breached 7
update:2008-4-15

The central parity rate of the yuan yesterday breached the psychological mark of 7 against the US dollar, exacerbating the woes of exporters and manufacturers.

 

The central bank set the rate at 6.992 yuan to the greenback, the first time the currency has broken through 7 since the yuan's peg to the US currency was scrapped in July, 2005.

 

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