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China yuan ends at 7.7445 to US dollar vs 7.7400 in OTC trade
June 2, 2007 on 1:31 am | In Currency |
BEIJING (XFN-ASIA) - The yuan finished at 7.7445 to the dollar on the over-the-counter (OTC) market, compared with yesterday’s close of 7.7400.
On the exchange-traded market, the yuan finished at 7.7445 from 7.7390 yesterday, a Guangzhou-based trader with a foreign bank said.
The yuan traded between 7.7473-7.7401 in the OTC market and 7.7450-7.7421 in the exchange-traded market.
The central bank set the yuan central parity at 7.7436 to the dollar today, compared to yesterday’s record high of 7.7386.
The People’s Bank of China currently allows a trading band of 0.3 pct on either side of the midpoint.
jianbo.wu@xfn.com
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