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Yuan reaches new high against the USD

12-Oct-2010 9:47 AM

China's Foreign Exchange Trading System stated the value of the yuan reached a new high against the US dollar on 11-Oct-2010, reaching 6.6732 per USD (Xinhua, 11-Oct-2010). Meanwhile, the USD reached a new 15-year low against the Japanese yen, falling to as low as JPY81.37 before recovering to JPY82.07 (BBC News, 11-Oct-2010). The record low for the US dollar against the yen is JPY79.75, reached in Apr-1995.