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The Bank of China, which accounts for more than two-fifths of foreign currency advances by Chinese banks, was also weighed down by 1.2 billion yuan ($158 million) in foreign exchange losses.
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Even the dowdy Cairo exchange, stalled for years by local troubles including an inexorable slide in the value of Egypt's currency, advanced by 60% in dollar terms.In this section Now wait for the political tremors Beating swords into oil shares Improving?
Making the renminbi a stronger global currency might advance China's own economic agenda.
Worse, South Korean chip makers are starting to benefit from their devalued currency and advanced know-how.
The currency's advance has made Canadian goods more expensive for international buyers and cut exports last quarter.
Plenty of travellers like to have the peace of mind of having arranged their currency in advance and are prepared to buy at a lower rate.
In recent weeks, the Japanese currency has advanced to 15-year highs against the dollar: On Friday the dollar bought about ¥80.6, compared with ¥93 at the start of this year.
With so many yen loans needing to be repaid, the currency also advanced 20% against the dollar last year.
WeSwap, the London-based startup that helps travellers get a better exchange rate when changing currency in advance of a trip, has closed a decent-sized $7.5 million series A round, adding to the $2 million previously raised.
While many players pay directly for the virtual currency to advance in games, buy better gear, or obtain virtual goods, the majority accept virtual currency from advertising sponsors in return for signing up for a product or filling out a form.
WaPo: Bill combating China currency to advance, House leaders are moving forward with legislation to combat China's currency policies, adding to pressure from the Obama administration and giving lawmakers an election-year chance to vote on a sensitive trade matter.
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