China's currency rose on Monday to its highest level against the US dollar since its revaluation, state media reported. China Foreign Exchange Trade System, a subsidiary of the People's Bank of China, announced that the central parity rate for the dollar had fallen below 8.05 yuan for the first time to 8.0472 yuan. China's currency has gained an accumulated 2.77% against the dollar since it was de-pegged and partially floated against a basket of currencies on July 21 last year.
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