SHANGHAI (Reuters) - China’s central bank on Tuesday lifted its official yuan midpoint to 6.2816 per dollar, the strongest level since August 2015, breaching the key 6.3 level to reflect solid spot yuan performance a day earlier.
Tuesday's midpoint CNY=PBOC was 377 pips, or 0.6 percent, firmer than Monday's fix of 6.3193 and was the strongest since Aug. 11, 2015, when China shocked global markets with a sharp 2 percent one-off currency devaluation.
Traders said Tuesday’s official fixing largely matched market expectations.
China's yuan CNY=CFXS strengthened against the dollar on Monday to post its best day in nearly two months, when the dollar remained weak globally and worries about a possible trade war between the United Stated and China eased.
Reporting by Winni Zhou and John Ruwitch; Editing by Sam Holmes