Chinese currency on the rise

Yuan hits all-time high

By Lu Jianxin and Kazunori Takada

SHANGHAI | Mon Dec 26, 2011 7:46am EST

SHANGHAI (Reuters) - The yuan closed up against the dollar on Monday after hitting an all-time high in intraday trading, guided by a stronger mid-point by the People's Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.
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Comment: Still a long way to go.