CHINAS currency hit a new high against the US dollar yesterday as the countrys trade surplus is projected to top US$100bil (RM344bil) in the first half of the year.
Before trading started yesterday, the Peoples Bank of China (PBoC) set the midpoint at 7.5951, breaking the 7.60 barrier for the first time since China ended its peg to the US dollar in July 2005.
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