Yuan Fund surges to long-term moving average

News that China adjusted its currency's peg to the Dollar sent the Chinese Yuan Fund (CYB) surging back above 25. While the three week move may seem impressive, the ETF is really just making it back to its 52-week average. In fact, the ETF spent most of 2009 trading between 25.2 and 25.6. With today's move, it is right back in last year's range.

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