Foreign Exchange News
- Yuan slightly lower against U.S. dollar
Date: 28-May-2007 Sources: (Shenzhen Daily)
THE yuan was slightly lower against the U.S. dollar Friday, taking a breather after Thursday's record close, but traders said the yuan will likely resume its rise this week in line with its long-term upward momentum.
The yuan finished at 7.6527 to the dollar, compared with 7.6519 at the close Thursday. Dealers expected the currency to move in a narrow range around 7.6500 over the next two or three weeks.
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