Bank staff deals with Chinese currency China's currency has been climbing against the US dollar.THIS IS GOOD FOR THE USA AND THE WEST. FASTER PLEASE AND MORE!
China's currency, the yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland.
The yuan broke past 6.50 against the dollar, a level not seen since 1993.
Traders and currency strategists believe the move is a sign that China's central bank is prepared to allow the currency to appreciate further.
A stronger currency means imported products become cheaper in China.
WILL IT PREVENT THE CHINESE BUBBLE FROM BURSTING?