Thursday, August 4, 2011

The dollar strengthens on August 4

The dollar rose .0037 to 6.4378 yuan. Again, the new exchange rate is nearly the same as the exchange rate two days ago. In other words, the dollar-yuan exchange rate seems to be oscillating between two values. On one day, the dollar is at 6.434 yuan. The next day, the dollar is at 6.438. The day after that, the dollar returns to 6.434 yuan and the cycle repeats.

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