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China raises yuan rate to 16-month high as dollar sags

China raised the exchange rate for the yuan against the US dollar for the 10th consecutive session on Friday, pushing the unit to its highest level in 16 months. The People’s Bank of China (PBOC) set the value of the yuan — also known as the renminbi — at 6.5032 to the dollar, up 0.36 percent…


China raises yuan rate to 16-month high as dollar sags
China raises yuan rate to 16-month high as dollar sags

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