Hong Kong (CNN Business) The Chinese yuan strengthened Tuesday to its highest level in more than five months as the United States removed China from its currency manipulator list.

Responding to the move Tuesday, Zou Zhiwu, deputy head of China's customs authority, called the decision the "right choice."

The Chinese central bank continued to guide the yuan higher on Tuesday. The yuan's daily reference rate against the US dollar increased to 6.8954, the strongest level since last August.

The yuan rose in Asia on Tuesday.

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