China's central bank governor said on Friday that recent trading in the yuan after last week's revaluation showed the currency reflected supply and demand as well as moves in other currencies.
Last week the People's Bank of China revalued the yuan, also called the renminbi, by 2.1 percent, setting its value at 8.11 against the dollar and saying the exchange rate would be set with reference to a currency basket.

Copyright Reuters, 2005

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