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China central bank fixes yuan midpoint at strongest level in nearly eight months
June 30, 2017 / 1:36 AM / 5 months ago

China central bank fixes yuan midpoint at strongest level in nearly eight months

SHANGHAI (Reuters) - China's central bank set the yuan midpoint CNY=PBOC at 6.7744 per dollar on Friday, its strongest level since Nov.7 2016, reflecting the dollar's broad weakness.

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

Friday’s official guidance was 196 pips or 0.3 percent firmer than the previous day’s fixing at 6.7940 per dollar.

Reporting by Winni Zhou and Andrew Galbraith

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