China's yuan hits 19-year high

China’s currency, the yuan, hit a new record on Wednesday, with the spot rate hitting 6.1206 against the US dollar in morning trade, its strongest level since 1993, when Beijing took the first step towards setting up a national foreign exchange system.

via Business feed http://www.scmp.com/business/economy/article/1294908/chinas-yuan-hits-19-year-high