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China lowers yuan midpoint for 3rd day to near 1-month low

SHANGHAI, Sept 27 (Reuters) - China's central bank on Wednesday lowered its official yuan midpoint for the third day in a row to 6.6192 per dollar, the weakest level since Aug.29, reflecting a softer spot yuan on the previous day.

Wednesday's official guidance was 116 pips or 0.18 percent weaker than the previous fix of 6.6076 on Tuesday.

Market participants said the official USD/CNY fix came in below their forecasts. (Reporting by Winni Zhou and Andrew Galbraith; Editing by Shri Navaratnam)