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Chinese yuan strengthens to 6.7560 against USD Monday
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 349 basis points to 6.7560 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
Yuan value rises, with its flexible rate set to continue
China's renminbi hit its highest level in nearly three weeks against the US dollar on Wednesday, mainly driven by market forces, according to analysts. They said they expected no change in its flexible floating.
Enforcing forex rules not currency control
Instead of currency control, China's foreign exchange regulator is closing some of the loopholes in law enforcement and responding to capital flight.
China to launch yuan's direct trading with seven more currencies
China announced Friday it will launch direct trading of its currency yuan with seven more currencies on its inter-bank foreign exchange market next Monday.
Commentary: RMB depreciation in recent weeks no reason for concern
The seemingly abrupt fall in the value of the Chinese currency against the U.S. dollar in recent weeks is mostly due to a strengthening dollar and such pressure will remain in the short term.
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