Markets

China's yuan rises to highest in more than six months

Published September 26, 2014 Updated September 26, 2014 12:44pm

HONG KONG: China's yuan rose to its highest in more than six months in afternoon trade on Friday.

The spot yuan hit an intra-day high of 6.1252 per dollar, the highest level since March 7.

The People's Bank of China (PBOC) fixed the official midpoint at 6.1508, down 0.02 percent from the previous day's 6.1497. It was the lowest level in more than two weeks.

Copyright Reuters, 2014