Over the past month, the value of the US dollar has fallen significantly with the once mighty greenback dropping to a record low against the euro and a 31-year low against the Canadian dollar. What does this mean to you?
The U.S. dollar appreciated against the Chinese yuan on speculation that recent gains in U.S. stock markets may encourage the Federal Reserve to hold interest rates steady.
The Chinese yuan gained 12 basis points against the US dollar on speculation the People's Bank of China (PBOC) will continue to increase interest rates to curb inflation.
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