Mon, 24 Mar 2014 15:09:02 GMT
Yuan gains on strong fixing
China's Yuan advanced the most two years as The People's Bank of China hiked the reference rate for the first time in a week after officials predicted no further fall in the exchange rate. The Chinese currency added 0.58%, the largest gain in three years since Oct 10, to 6.1888 per greenback at the close in Shanghai. It contracted 1.2%