Yuan adds most in three weeks after central bank increases reference rate

Source: Bloomberg
© Scanpix\Reuters
Chinese currency appreciated as the People's Bank of China increased its reference rate to the highest level of all time. The Yuan rose 0.09% to 6.1250 versus the Dollar. The China's central bank raised the Yuan's reference rate by 0.01% to 6.15980, a record high. The People's Bank of China Governor said that the bank will not lower the Yuan to increase competitiveness.
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