Sunday, January 13, 2008

INTERNATIONAL FOREX AND BANK

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INTERNATIONAL FOREX AND BANK



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BEIJING (XFN-ASIA) - The central bank has set the yuan
central parity rate at a record 7.2566 to the dollar, according to the China Foreign Exchange Trading System. The rate, published on the official Chinamoney website

anticipated to stretch well into 2008. The dollar's lower value makes U.S. manufactured goods cheaper, and therefore, more attractive in Europe and neighboring Canada. Yet analysts caution that the automotive industry isn't as nimble as others, and any gains would be limited by

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