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The spot price is allowed to trade 1 percent either side of that.
This appreciation in the Yuan took place amid US Secretary of State John Kerry’s visit to Asia.
Beijing kept the Yuan artificially cheap in order to boost exports for many years. However, China faces international pressure to reduce its massive trade surplus.
Chart courtesy of Oanda
2013-04-13 09:47:24
Source: http://www.traderslog.com/forum/showthread.php?t=21686&goto=newpost