SHANGHAI (Reuters) – China’s central bank raised its official yuan midpoint
The higher fix reflects gains in the spot yuan rate from a day earlier rather than dollar movements in global markets, market participants said.
Tuesday’s midpoint, which is 298 pips or 0.45 percent firmer than the previous fix, was also the biggest move in percentage terms since Aug.10. Monday’s guidance was fixed at 6.5668 per dollar.
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