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| China dumps dollar in favor of basket of currencies by bmitchell at 9:43 am EDT, Jul 21, 2005 | |||
BEIJING (AP) -- China dropped its politically volatile policy of linking its currency to the U.S. dollar but retained controls on its exchange rate, switching the link to a basket of foreign currencies in a move that could push up the price of Chinese exports to the United States and Europe. | |||
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