Yuan Rising

NEW YORK, US - China is allowing its currency to fluctuate more widely against the dollar, a step toward meeting demands from the U.S. and Europe to reduce its trade surplus. The yuan rose as much as 0.24% today, the biggest gain since ending a peg to the dollar in July last year, a day after allowing the largest decline. The central bank on Aug. 9 said it would allow more ``flexibility'' in the one-year-old system, which allows the yuan to float with reference to currencies of leading trading partners.