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bundy
Why does the USD spike against the CNY at least once every day?
Have a look at the Yahoo Finance chart of the USD/CNY eg http://au.finance.yahoo.com/q/bc?s=USDCNY=X&t=5d&l...
At least once every day it shows a spike of about 1% that makes the USD more expensive for a short period of time. Is this real? If so, why does it occur? I am guessing that there is some official translation effect going on.
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