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PBOC raises yuan mid-point the most in nearly two months

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China set its official midpoint at 6.8862 per dollar prior to the market open on Thursday, 253 pips or 0.37 percent firmer than the previous fixing, the biggest percentage rise in nearly two months after the U.S. Federal Reserve increased its interest rate overnight.

The previous fix was 6.9115 per dollar.

The Fed on Wednesday lifted the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent.

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