Strongest Yuan Rate in Years
June 28, 2010 by admin · Leave a Comment
China set the strongest yuan exchange rate in years yesterday after Beijing came under renewed pressure at the Group of 20 summit over the weekend to let the currency appreciate.
The People’s Bank of China said it set the central parity rate – the centre point of the currency’s allowed trading band – at 6.7890 to the dollar, a fraction of a per cent stronger than Friday’s 6.7896.
