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China sets yuan midpoint at strongest level in nine months

SHANGHAI, July 19 (Reuters) - China's central bank set the yuan midpoint at 6.7451 per dollar on Wednesday, its strongest level since Oct.20 2016, reflecting the dollar's broad weakness in global markets.

Wednesday's official guidance was 160 pips, or 0.24 percent, firmer than the previous session's fix at 6.7611 per dollar.

(Reporting by Winni Zhou and Andrew Galbraith; Editing by Joseph Radford)