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Chinese yuan strengthens to 20-month high against US dollar

Date: 2018-01-10
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BEIJING - The central parity rate of the Chinese currency renminbi, or the yuan, strengthened to a 20-month high against the US dollar on the second trading day of 2018.

The rate strengthened 159 basis points to 6.4920 against the dollar, according to the China Foreign Exchange Trade System.

It was the strongest level since May 3, 2016, following a rally of 263 basis points on Tuesday.


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