China's yuan hits record high of 6.4696 against USD Monday
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China.org.cn, June 20, 2011
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China's currency yuan rose by 20 basis points to 6.4696 against the U.S. dollar on Monday, marking a new historic high.
On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.
The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.
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