SHANGHAI: China's central bank lifted its official yuan midpoint to a near six-month high on Tuesday, to reflect a firmer spot market close a day earlier.
The People's Bank of China (PBOC) set the midpoint at 6.3794 yuan per dollar prior to the market open, 78 pips, or 0.12%, stronger than the previous fix of 6.3872. It was the firmest since June 2.
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The strengthened official midpoint fixing came in largely matching market forecasts, traders said, and it was 1 pip weaker than Reuters' estimate of 6.3793 per dollar.
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