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01-30-2008, 07:15 AM
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Chinese yuan set new record high after Federal rate cut
China's currency, the yuan, hit another record high of 7.2293 against the U.S. dollars on Thursday after following a key interest rate cut in the United States.
The central parity rate of the yuan, known as Renminbi (RMB), jumped by 57 basis points from 7.2350 yuan Wednesday against one U.S. dollar, according to China Foreign Exchange Trading System. See whole story What's your opinion?Will not see cheap goods which made in China? 
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