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BEIJING,chaussures paul smith, July 16 - China's currency, the yuan,ralph lauren pas cher, hit a new high against the U.S. dollar on Monday,lunette ray ban,http://blogtaller.com/elgg-muestra/p...ad/490945/_185, according to the Chinese Foreign Exchange Trading System.

The value of the yuan, or RMB, went up 50 basis points from last Friday's 7.5731 against the U.S. dollar to open for trade on Monday at 7.5681,birkenstock pas cher, the highest rate since the yuan was revalued by 2.1 percent from 8.28 yuan in July 2005.

It is the 51st time that the yuan's value has hit a record this year,chaussure louboutin, climbing by 2,lunette de soleil,406 basis points from 7.8087 on the last trading day of 2006.

Market observers said the yuan was brought under pressure,polo ralph lauren, with the United States complaining a slow appreciation gave Chinese exporters unfair trading advantages.

China's customs authorities said the country's monthly trade surplus hit a new high of 26.91 billion U.S. dollars in June, up 85.5 percent over the same month last year.

This was mainly because domestic companies,vetement ralph lauren, whose export tax rebates were cut on July 1,lunette de soleil, were rushing exports,sweat franklin marshall, said Huang Guohua,chaussures tod's, senior analyst with the General Administration of Customs.

The government announced on June 19 it would cut or eliminate export tax rebates for 2,doudoune moncler,831 commodities from July 1 in an attempt to "suppress overheated export growth and ease frictions between China and its trade partners".

With June's consumer price index,chaussure louboutin, China's inflation rate, predicted to remain above three percent, the market expectation for an interest rate hike had also pushed up the yuan's value, according to the observers.

The People's Bank of China, the central bank,jean diesel, said in May thatit would allow the yuan to fluctuate against the U.S. dollar by 0.5 percent a day, up from 0.3 percent.

On Monday, the central parity rate of RMB against the euro stood at 10.4296, up 54 basis points from Friday level,http://ftpkszzc.vip2.28cnc.com/fenle....php?id=339128,chaussure pas cher,http://unaleinable.com/connect/pg/bl...ad/161475/_432, while yuan's value against the Japanese yen went down 232 basis points to 6.2003 yuan against 100 yen.