The Chinese yuan gained today on anticipation that the central bank would allow the currency more flexibility before Group of Twenty nation’s meeting this week.
Other nations criticized China for setting strict boundaries to yuan’s movement. More flexible exchange rate will not only deflect the criticism, but also should curb the inflation and shift the economy from
USD/CNY traded near 6.8124 as of 9:45 GMT today after opening at 6.8143.
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