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yuan
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Chinese yuan surges as rate raised to 6.23%
China’s yuan surged to a 19-year high on Thursday, climbing to as high as 6.1707 per dollar, as the People’s Bank of China raised its reference rate by 0.13% to a record high of 6.2300 amid increased global usage of the currency. The yuan usage for global trade and investment rose 32% in March from the previous month.