China's Yuan rises as PBOC raises fixing rate

The Chinese currency increased on Monday trading session rising towards the strongest level in 20 years after the People's Bank of China raised the daily fixing to a new record and after a report showed that the U.S. jobless claims rose more than forecast. The Yuan added 0.14% to 6.0434 a U.S. Dollar in Shanghai before trading at 6.0424, the most since 1993.