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Yuan hits three-year high vs dollar
The Chinese currency, the yuan, has reached its highest level against the dollar in more than two years, reaching 6.755 yuan per dollar, amid a decline in the dollar and Chinese policies supporting the strengthening of its national currency. This comes after the People's Bank of China set the daily exchange rate at 6.7892 yuan. Meanwhile, the dollar has dipped by 0.21% against the yuan in global markets, as China continues to attract investment flows and demonstrates strong performance, positioning it as one of the fastest-growing Asian currencies this year.
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