Yuan appreciates to the highest in 19 years amid record fixing and capital inflows

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Source: Bloomberg
China's Yuan climbed to 19-year high as the central bank set currency's reference rate on amid signs fund inflows are increasing pace. The Yuan advanced 0.2% reaching nearly 6.1650 per greenback, generally rising 0.74% in April, leading to the best month since last year's October. It is believed that pressure for Yuan's appreciation is growing after China's surplus jumped to $101.8 billion in the first quarter of 2013.

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