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China’s yuan is getting a little stronger

Hong Kong (CNN Business)Asian markets moved slightly higher on Thursday, while the Chinese central bank guided the yuan to its highest level in nearly five months. The Chinese currency is now trading at about 6.996 yuan per dollar in mainland China. In trading outside of China, where the yuan moves more freely, one dollar can buy about 6.994 yuan — slightly weaker than Wednesday. Even so, the yuan has rebounded about 1.5% against the dollar since mid-December, when the United States and China reached an interim trade deal. A Chinese…

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