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China weakens yuan midpoint to lowest in nearly 2 weeks

SHANGHAI, Oct 23 (Reuters) - China's central bank lowered its official yuan midpoint to the lowest level in nearly two weeks to 6.6205 per dollar on Monday, reflecting spot yuan performance last Friday and dollar movement in global markets.

Monday's official fixing was 113 pips or 0.17 percent softer than the previous fix of 6.6092 per dollar on Friday. Monday's guidance rate was the weakest since Oct. 10.

The U.S. dollar rose on Friday, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk.

(Reporting by Winni Zhou and John Ruwitch; Editing by Sam Holmes)