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

BY

-

Tue, 26 Dec 2017 - 08:42 GMT

BY

Tue, 26 Dec 2017 - 08:42 GMT

A China yuan note is seen in this illustration photo May 31, 2017 - REUTERS/Thomas White/Illustration/File Photo

A China yuan note is seen in this illustration photo May 31, 2017 - REUTERS/Thomas White/Illustration/File Photo

SHANGHAI - 26 December 2017: 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.

Comments

0

Leave a Comment

Be Social