Yuan moves past 7 to the dollar.

Bloomberg: Yuan Advances Past 7 to Dollar, First Time Since End of Link

April 10 (Bloomberg) -- The yuan rose past 7 to the dollar for the first time since the fixed exchange rate ended in 2005 as China seeks to slow inflation and reduce its trade surplus.

China has allowed a 4.5 percent gain in the currency this year, more than half the gain for all of 2007, as U.S. Treasury Secretary Henry Paulson last week said China's currency needs to reflect economic fundamentals. A stronger yuan may also help Premier Wen Jiabao to prevent the economy overheating by lowering import costs and raising export prices.

Past 7 on it way to 4.