On Thursday, the yuan-dollar rate was 6.9307, while on Friday morning the yuan stood at 6.8668 against the dollar. At the end of last month, the People`s Bank of China said it would continue down the path of a moderate monetary policy in 2017 to keep the national currency stable.
Chinese Yuan strengthens against dollar by 1% Friday
06 January 2017
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The People`s Bank of China strengthened the rate of the yuan against the dollar by 1 percent on Friday.
