After about a decade or so of being pegged against the U.S. dollar at about 8.3 per dollar, China has revalued its currency, the yuan by 2.1%.
Yuan Revalued, No longer Pegged To U.S. Dollar
After being pegged to the U.S. dollar for 10 years, China has revalued its currency, the yuan by 2.1%. It is now 8.11 per U.S. dollar. Before, it was about 8.3.