Article: Yuan Hits Highest Level in 10 Years

ELAINE KURTENBACH, AP Business Writer
AP Online
05-15-2006
Dateline: SHANGHAI, China


Bank clerks counting Chinese yuan at a bank in Beijing, China, Monday, May 15, 2006. China's official exchange rate broke through the psychologically important 8 yuan per U.S. dollar level Monday, its highest level since a revaluation in July, in a move traders said might signal Beijing's willingness to allow its currency to appreciate faster. (AP Photo/Ng Han Guan)

China's official exchange rate broke through the psychologically important 8 yuan per dollar level Monday, its highest level in more than a decade, in a move traders said might signal Beijing's willingness to allow its currency to appreciate ...

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