×

China fixes yuan midpoint at the strongest level in 6 weeks

SHANGHAI, Nov 24 (Reuters) - China's central bank set its official yuan midpoint at the strongest level in six weeks on Friday at 6.6021 per dollar, breaching the key 6.6 level, reflecting a robust spot yuan performance the day earlier.

The official midpoint was 211 pips or 0.32 percent firmer than the previous fix of 6.6021 per dollar on Thursday.

Market participants said the official fix, the firmest level since Oct. 12, largely matched what their models had suggested. (Reporting by Winni Zhou and John Ruwitch; Editing by Shri Navaratnam)