Yuan hits record high against dollar
- Published: 13 Nov 2012 at 21.47
- Online news:
China's yuan currency hit a record high against the US dollar on Tuesday, as a recovery in the domestic economy and US political pressure helped the unit strengthen, analysts said.
A teller counts stacks of 100-yuan notes at a bank in Huaibei, east China's Anhui province. China's yuan currency hit a record high against the US dollar on Tuesday, as a recovery in the domestic economy and US political pressure helped the unit strengthen, analysts said.
Trade data released Saturday lifted confidence in the domestic economy, according to analysts, while an expected US government report on exchange rates may be prompting the central bank to guide the yuan higher.
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