Diabytes
China Foreign Exchange Trade System News
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China has reduced the share of US dollars in its foreign exchange basket and added 11 more currencies for measuring the yuan which lost about seven percent value against US dollar last year becoming the worst-performing major Asian currency, a media report said.
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The daily reference rate was set at 6.3969 yuan to $1.0, slightly stronger than Friday`s 6.3975, the China Foreign Exchange Trade System said.
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