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    China praised for easing yuan rules

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    euronews (in English)

    by euronews (in English)

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    The Chinese currency, the yuan, has been trading for the first time since the country's central bank relaxed its foreign exchange rules.

    The People's Bank of China is now allowing the currency to rise or fall by one per cent from a value it fixes - that is double the previous limit.

    ...
    http://www.euronews.net/