The yuan neared a 19-year high of 6.2711/dollar overnight, with the punditry saying the PBOC is...

|By:, SA News Editor

The yuan neared a 19-year high of 6.2711/dollar overnight, with the punditry saying the PBOC is letting it rise on optimism about the economy's strength. In a TV appearance, Markus Rodlauer - the IMF's China mission chief - says the currency remains "moderately undervalued."