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China relaxes currency peg

By Jamil Anderlini in Beijing

China expanded the daily trading range that its currency can fluctuate against the US dollar on Saturday in an important step towards allowing the Rmb to eventually float freely.

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China Just Announced A Major Policy Change That Would Let The Yuan Move Twice As Fast Against The Dollar

[image: chinese yuan money stack] BEIJING (AP) — China's central bank announced Saturday a slight easing of its controversial currency controls. It says it will allow the country's yuan to rise and fall by a slightly wider margin against the dollar ...