China yuan hits high for 4th straight day
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The yuan set its fourth straight   post-revaluation high against the dollar in a single week on   Friday and breached the psychologically important level of   7.9200 for the first time since the policy change in July 2005.
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Sterling rose to its highest level since July against the dollar.
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China came under pressure on Saturday  to let its currency rise faster to ease imbalances in trade and  capital flows that pose one of the biggest risks to global  growth.
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The euro hit a new record high of 1.3074 dollars, even as eurozone officials called for the United States, Europe and Japan to take a common position against the currency's rise.
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The euro hit a record high against the  yen on Thursday and approached this week's all-time peak versus  the dollar, underpinned by concerns over the U.S. current  account deficit.
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China raises interest rates in a move to dampen inflation and stop the economy overheating.
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Compensatory bills continued to rally Friday lifting Bulgaria's stock index to a fourth consecutive all-time high in a week.
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The European single currency was close to a record high near 1.38 dollars on Friday, and hit another historic peak against the yen, as dealers awaited fresh US data.
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China&#39;s central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development
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The euro hit a new record high of 1.3063 dollars, beating its previous record of 1.3047 set a day earlier.
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The enfeebled dollar tumbled to record depths against the euro for the fourth day in a row, and hit multi-year lows against the yen and Swiss franc on reports China is selling US government bonds.
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China's yuan is not substantially undervalued given the country's balance of payments, but it will manage capital flows with the aim of eventually making the currency convertible, China's central bank governor said.
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The dollar strengthened to more than 28 rubles for the first time in a month Tuesday but traders said the Central Bank stepped in at 28.1250 to halt any further decline by the currency.
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China came under pressure on Saturday   to let its currency rise faster to ease imbalances in trade and   capital flows that pose one of the biggest risks to global   growth.
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SINGAPORE (Dow Jones)--The yuan surged to a seven-month high in the forwards market Friday, and other Asian currencies have gained in sympathy, on heightened
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China has raised its core interest rates for the first time in nine years, as the country&#39;s central bank moves to rein in the booming economy.
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The dollar hit a record low against the euro for a fourth day running on Friday but rebounded swiftly as traders grew nervous about the possibility of central bank intervention.