Yuan rises to 17-year high against the greenback
By Wei Tian | China Daily | Updated: 2011-08-11 07:47
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The yuan's value against the dollar rose to a 17-year high amid a global stock market rebound. Hong Yi / for China Daily |
BEIJING - The exchange rate of the yuan against the dollar rose to a 17-year high after the US Federal Reserve Board announced it will maintain interest rates at a record low and amid a global stock market rebound.
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