⁍ China’s central bank lifted its official yuan midpoint for the sixth trading day to the highest since July 2018.
⁍ The People’s Bank of China set the midpoint rate at 6.6556 per dollar prior to the market open, 225 pips, or 0.34%, firmer than the previous fix of 6.6781.
⁍ Onshore spot yuan advanced to end the domestic session at a more than two-year high against the dollar on Wednesday.
– The People’s Bank of China set its official yuan midpoint rate at a six-month high early Thursday, Reuters reports. The central bank set the midpoint rate at 6.6556 per dollar prior to the market open, up from the previous fix of 6.6781. The People’s Bank of China set the midpoint rate at 6.6556 per dollar prior to the market open, 225 pips, or 0.34%, firmer than the previous fix of 6.6781. It was the strongest guidance rate since July 11, 2018.
Source: https://www.reuters.com/article/china-yuan/china-lifts-yuan-midpoint-for-sixth-day-to-highest-since-july-2018-idUSAZN0FT500