Chinese Yuan Continues its Climb - Trade Balance says 'YYAAAawwn

The Chinese yuan hit yet another high - 7.8402 = $1...the parity rate set by the People's Bank of China.

The value of the yuan has risen by 3.33% since July 2005. And Beijing and the US are expecting this change to make a difference in the $202 billion trade deficit set last year.
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