• China fixes yuan at three-month high as dollar sinks

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    SHANGHAI: China’s central bank fixed its currency exchange rate at a three-month high against the US dollar on Friday as the greenback sank. The People’s Bank of China set the yuan at 6.4628 to $1.0, up 0.51 percent from the fix on Thursday, according to the China Foreign Exchange Trade System. It marked the strongest level for the central rate since December, as well as its biggest positive move since November.

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