SHANGHAI, Nov 17 (Reuters) - China’s central bank on Tuesday lifted its official yuan midpoint to the highest in nearly 29 months, underpinned by solid gains in spot prices a day earlier.
The People’s Bank of China (PBOC) set the midpoint rate at 6.5762 per dollar prior to the market open, 286 pips, or 0.43%, firmer than the previous fix of 6.6048.
It was the strongest guidance rate since June 27, 2018.
Reporting by Winni Zhou and Andrew Galbraith; Editing by Tom Hogue
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