China lowers yuan mid-point to weakest level in 3-1/2 months

10 May, 2019

Friday's midpoint was at 6.7912 per dollar, 247 pips, or 0.36 percent, weaker than the previous fix of 6.7665 and was the softest since Jan. 25.

However, traders said Friday's official fixing came in much higher than market expectations.

The midpoint was 154 pips firmer than Reuters' estimate of 6.8066.

Copyright Reuters, 2019

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