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  1. Business - Economy - MARKETS

    Yuan strengthens to highest level against US dollar in 19 years

    Posted Mar 26th 2013, 12:00am by Bloomberg

    ... at 6.2107 per US dollar in Shanghai. The Chinese currency traded at a 0.95 per cent premium to the reference rate, near the 1 per cent limit allowed by the PBOC. Meanwhile, the mainland swap market ... rate to rise. The swap had been lower than the one-year PBOC deposit rate for 16 months. Of 27 economists surveyed this month, 13 predicted higher rates this year, with Credit Agricole, Daiwa ...

    http://www.scmp.com/business/economy/article/1199772/chinese-yuan-strengthens-highest-level-against-us-dollar-19-years

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