Yuan rises to its 19-year high on Tuesday

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Source: Bloomberg
The Chinese currency reached the strongest level in nineteen years after the People's Bank of China increased its fixing by 0.14%, the highest since February 8, to 6.2586 per U.S. Dollar and as the purchasing managers' index climbed to its highest figure since April 2012. The Yuan advanced 0.1% to 6.2016 per U.S. Dollar earlier on Tuesday Shanghai session, its biggest rise since February 20.

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