China's Renminbi (RMB) climbed 101 basis points to break the
7.45 mark on Wednesday, with the central parity rate at 7.4476 yuan
against one US dollar, according to the Chinese Foreign Exchange
Trading System.
The yuan broke the 7.46 mark at 7.4552 yuan against one US
dollar only last Thursday.
This was the 68th new high the yuan has hit since the beginning
of this year, up more than four percent accumulatively.
The accumulative appreciation since July 21, 2005, when China
discontinued yuan's peg to the greenback, has exceeded 8.3
percent.
(Xinhua News Agency November 7, 2007)
