Chinese yuan rises to 19-year high

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It is good for those China companies have done business in RMB, but borrowed in US$ Big Grin

Chinese yuan rises to 19-year high

BEIJING — China’s yuan advanced to a 19-year high yesterday, extending its gains for the quarter after the central bank raised the reference rate to the strongest level in more than 10 months.

The People’s Bank of China increased the daily fixing by 0.08 per cent to 6.2689 per dollar, the highest since May 2 last year

http://www.todayonline.com/business/chin...-year-high
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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