Yuan rises to highest since end of link to $

Nov 29 | Updated: Nov 30 2006, 09:16am hrs
The yuan rose to the highest since China ended its decade-old link to the dollar after US Treasury secretary Henry Paulson said gains will help resolve tension in the trade relationship.

Some US officials have blamed the undervalued yuan, which boosts Chinese exports, for the loss of American manufacturing jobs and their widening trade deficit.

Bloomberg