China sets yuan midpoint at the highest in over a year

SHANGHAI, Aug 28 (Reuters) - China's central bank raised its official yuan midpoint on Monday to 6.6353 per dollar, the strongest level since Aug. 19, 2016, reflecting broad weakness in the U.S. currency in global markets.

Monday's midpoint was 226 pips or 0.34 percent firmer than the previous fix of 6.6579 set on Friday.

The dollar fell late on Friday Federal Reserve Chair Janet Yellen made no reference to U.S. monetary policy in her speech at the annual central bank research conference in Jackson Hole, Wyoming. (Reporting by Winni Zhou and John Ruwitch; Editing by Kim Coghill)