The Chinese yuan rose 0.28 percent to 6,9611 per dollar in offshore market around 11:30 AM beijing time following news a phase one trade agreement has been reached with the US, suspending the new round of tariffs and reducing existing ones. China also has agreed to buy $50 billion in US agricultural products in 2020 and to increase intellectual property protection. Historically, the Chinese Yuan reached an all time high of 8.73 in January of 1994.
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