Yuan rose beyond 6.28 per greenback first time since 1993

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Source: Bloomberg
China's currency strengthened beyond 6.28 per U.S. Dollar for the first time since 1993 on speculation officials will take steps to ensure a recovery of the nation's economy and as the central bank increased the Yuan's fixing by the most in 7 weeks. The currency's reference rate was set 0.09% stronger, the most since August 22, to 6.3391 versus the greenback. The Yuan rose 0.07% to 6.2790 per U.S. Dollar, after touching earlier 6.2781, the strongest since 1993.
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