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Yuan Takes Biggest One-Day Loss vs. Dollar in Two Years

Aggregated Source: China Stocks News and Analysis from Seeking Alpha
December 6, 2007|

The yuan fell the most against the US$ Thursday, 0.29% to 7.4095/$, since the yuan's peg to the dollar was lifted in July 2005. However, given the timing, with a delegation led by U.S. Treasury Secretary Henry Paulson headed to China for biannual strategy talks next week, some currency traders say the People's Bank of China is deliberately setting the stage for yuan strength.

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