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USD/CNY Hits Lower Trading Limit for the Seventh Consecutive Day

Source:China Business News, ChinaScope Financial (Data)
+   The USD/CNY central parity during the intraday trading was 6.3319 on Dec. 8, continuing the RMB’s depreciation against the USD.
+   So far, the USD/CNY rate has hit the lower limit of its trading range for seven consecutive days, which has not occurred since the reform of the Chinese currency trading system in 2005.
+   An official from the Ministry of Commerce commented on Dec. 7 that the continuous decline of the RMB show that the Chinese government is not controlling the RMB exchange rate, but that it is moved by market forces.