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Central bank gives yuan more latitude

Updated: 2012-04-17 08:03
By Wang Xiaotian in Beijing Fu Jing in Brussels and Oswald Chen in Hong Kong ( China Daily)

Currency falls as trading band widened for first time in five years

The yuan dipped against the US dollar on Monday after the central bank doubled the currency's daily trading band but analysts predict an appreciating trend for 2012.

It was the first time since May 2007 that the trading band was widened.

Central bank gives yuan more latitude