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ECONOMY
Weekly Watch> WEEKLY WATCH NO. 38, 2010> ECONOMY
UPDATED: September 17, 2010 NO. 38 SEPTEMBER 23, 2010
Rising Yuan
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The central parity rate of the Chinese currency, the yuan, rose to a new record high on September 15 at 6.725 per U.S. dollar, according to data released by the China Foreign Exchange Trading System.

The yuan has appreciated for four consecutive trading days. The yuan's central parity gained 128 basis points, or 0.19 percent, to 6.725 per U.S. dollar on September 15, beating the previous record of 6.7378 per U.S. dollar on September 14.

Based on September 15's central parity rate, the yuan weakened against the euro, the Japanese yen and the British pound.

The yuan rose against the Hong Kong dollar and Malaysian Ringgit based on its parity rates against the two currencies.



 
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