China’s central bank set its official yuan midpoint at a more than two-year high on Wednesday at 6.4335 per dollar, underpinned by a solid spot yuan performance a day earlier and broad dollar weakness in global markets overnight.
Wednesday’s official midpoint was 37 pips, or 0.06 percent, firmer than the previous fix of 6.4372 on Tuesday and was the strongest since Dec. 10, 2015.
China’s yuan advanced for the fifth straight trading day on Tuesday to its highest level in more than two years at the official local close.
Source: cnbc china
China sets yuan midpoint at more than 2 year high