The Chinese yuan gained today on the speculation that the growing trade surplus would prompt the Chinese government to allow faster appreciation of the currency.

China’s trade surplus exceeded $21 billion in November. The excess of the exports over imports rose to $114 billion in the second half of this year, more than double compared to $55 billion in the first half. The yuan may appreciate 6.2 percent by the end of the next year as China’s government attempts to slow the inflation.

USD/CNY dropped from 6.6639 to 6.6563 as of 10:06 GMT today.

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