China lifts yuan midpoint to three-and-a-half-month high

Reuters

SHANGHAI (Reuters) - China's central bank on Tuesday lifted its official yuan midpoint <CNY=PBOC> to the highest level in 3-1/2 months at 6.5416 per dollar, reflecting a strong spot yuan performance a day earlier.

 

Tuesday's official midpoint, 267 pips or 0.41 percent firmer than the previous fix of 6.5683 on Monday, was the strongest since Sept. 13.

 

China's yuan <CNY=CFXS> strengthened through the day in holiday-thinned trading on Monday, reaching its highest level in over three months against the dollar at the official local close, following a much strengthened official midpoint.

 

(Reporting by Winni Zhou and Brenda Goh; Editing by Shri Navaratnam)

 
 
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