Market Currents
The People's Bank of China allows the yuan to hit a record against the dollar for the second day...
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Friday, April 27, 2012, 4:55 AM ETThe People's Bank of China allows the yuan to hit a record against the dollar for the second day in a row, setting the rate at 6.2787. The move follows more calls yesterday from Timothy Geithner to allow the renminbi to appreciate further, but comes despite a slowdown in China's economy.
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