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China c.bank fixes yuan midpoint at strongest level since Nov 2016

China c.bank fixes yuan midpoint at strongest level since Nov 2016

SHANGHAI: China’s central bank set the yuan midpoint <CNY=PBOC> at 6.7562 per dollar on Monday, its strongest level since Nov.4 2016, reflecting the dollar’s broad weakness. Monday’s official guidance was 212 pips or 0.3 percen firmer than the previous session’s fixing at 6.7774 per dollar.