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The Renminbi surmounts the Hong Kong dollar for the first time to the US dollar broken 7.8 Yuan exchange rates for 13 years.
The Renminbi yesterday for the first time broke through 7.8 important important passes to US dollar exchange rate middle rate, since has created next in July, 2005 the Renminbi to collect changes new high. This impetus, the Hong Kong dollar is exchanged the Renminbi transaction price to fall broken 1 compared to 1 horizontal newspaper 0.9997, this is the Renminbi exchange rate for 13 years ultra HK dollar.
In Shanghai's China foreign currency trading center, the Renminbi exchanged US dollar middle rate yesterday morning Gao K'aihou, first rose to put on 7.8 to exchange a US dollar, center-section your respected opinion 7.793. The Renminbi exchanges US dollar to report 7.7949 Yuan afterwards in the inquiry system, on comparatively the date closing price 7.8071 Yuan largely rise 122 points.
Some analysts believed, overall rises in US dollar in the situation, the Renminbi exchange rate has this breakthrough, somewhat stems from the market expectation.