Monday, July 9, 2007

China's Yuan Has Biggest Gain in One Month, Rises to Highest Since 2005

(Bloomberg) -- China's yuan had its biggest advance
against the dollar in almost a month, rising to the highest
since the end of a link to the U.S. currency since July 2005.

The yuan rose 0.2 percent to 7.5864 as of 9:34 a.m. in
Shanghai, after climbing as high as 7.5860. The gain was the
largest since June 15.


Read more at Bloomberg Currencies News

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