The yuan increases to a new record of 6.4170 to the dollar vs. 6.4404 on Friday - prior to the...

|By:, SA News Editor

The yuan increases to a new record of 6.4170 to the dollar vs. 6.4404 on Friday - prior to the S&P downgrade - amid speculation China might allow the currency to appreciate further to combat inflation. While the rise isn't dramatic, it's larger than usual for the yuan.