Australia Set To Sign China Currency Deal In Boost To Exporters (Bye Bye U.S. Dollar)

PM set to sign China currency deal in boost to exporters

A CURRENCY deal enabling the Australian dollar to be converted directly into Chinese yuan, slashing costs for thousands of businesses, is set to be the centrepiece of Julia Gillard's mission to China next weekend.

Australia would become the third country, after the US and Japan, to secure such an arrangement from China, which is Australia's top trading partner, with exports and imports totalling $120 billion last financial year.

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