China central bank fixes yuan midpoint at strongest level in two weeks

Illustration photo of a China yuan note

SHANGHAI (Reuters) – China’s central bank set the yuan midpoint <CNY=PBOC> at 6.7940 per dollar on Thursday, its strongest level since June 15, reflecting the dollar’s broad weakness.

Thursday’s official guidance was 113 pips or 0.2 percent firmer than the previous day’s fixing at 6.8053 per dollar.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Shri Navaratnam)