China's Yuan hits it 19-year high as country's central bank raises interest rate

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Source: Bloomberg

The Chinese currency advanced beyond a level of 6.21 per U.S. Dollar, its highest level in nineteen years, as the nation's central bank decided to raise its currency's reference rate and after a demand for emerging-market assets was boosted by new bailout agreement in Cyprus. The Yuan increased 0.02% to 6.2107 per U.S. Dollar after it touched a 19-year high at 6.2095 earlier.


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