(Bloomberg) -- The yuan was poised for its biggest
weekly advance since the end of its link to the U.S. dollar in
July 2005.
The yuan this week rose 0.36 percent to 7.6273 against the
dollar as of 9:42 a.m. in Shanghai. The currency, which is
allowed to rise or fall 0.5 percent either side of a daily
fixing rate, has gained 8.5 percent since China dropped the peg.
Read more at Bloomberg Currencies News
weekly advance since the end of its link to the U.S. dollar in
July 2005.
The yuan this week rose 0.36 percent to 7.6273 against the
dollar as of 9:42 a.m. in Shanghai. The currency, which is
allowed to rise or fall 0.5 percent either side of a daily
fixing rate, has gained 8.5 percent since China dropped the peg.
Read more at Bloomberg Currencies News
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