RMB closed at 6.39 against the dollar on Thursday | chinafastener.info

Article by · 2011/08/12 ·

A sharp appreciation in the renminbi against the dollar in recent days – at a time when most other emerging market currencies have been falling – has prompted traders to ask whether Beijing has adopted an aggressive new stance on its currency.

Over the past four days the renminbi strengthened 0.7 per cent against the dollar – a small move by the standards of most currencies but a large one for the Chinese currency, which is tightly controlled by the government. […]

source and full article via RMB closed at 6.39 against the dollar on Thursday.