China's c.bank sets yuan mid-point at strongest in a month

SHANGHAI, April 18 (Reuters) - China's central bank on Thursday lifted its official yuan midpoint to 6.6911 per dollar, the strongest in a month, to reflect solid gains in spot yuan in the previous session.

Thursday's midpoint was 199 pips, or 0.3 percent, firmer than the previous fix of 6.7110 and was the strongest since March 21.

China's onshore spot yuan finished the domestic session at a 7-week high on Wednesday, as a raft of stronger-than-expected data suggested the slowing economy may be starting to stabilise. (Reporting by Winni Zhou and John Ruwitch Editing by Jacqueline Wong)

2019-04-18 03:35:15

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