China Central Bank Raises Yuan Reference Rate by Most Since November 2010

China’s central bank raised its reference rate for the yuan by 0.23 percent to 6.4305 per dollar, the biggest gain since November.

The currency is allowed to trade as much as 0.5 percent on either side of the daily fixing, which was set at the strongest level since a dollar peg ended in 2005.

To contact the reporter on this story: Fion Li in Hong Kong at fli59@bloomberg.net

To contact the editor responsible for this story: James Regan at jregan19@bloomberg.net

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