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China lifts yuan mid-point to highest since Nov 2015 on sliding dollar

SHANGHAI, Jan 25 (Reuters) - China's central bank on Thursday lifted its official yuan midpoint to 6.3724 per dollar, the strongest level since November 2015, supported by a slump in the greenback after the U.S. Treasury secretary said he welcomed a weaker dollar.

Thursday's midpoint was 192 pips, or 0.3 percent, firmer than Wednesday's fix of 6.3916 and was the strongest since Nov.13, 2015.

The dollar slumped to a fresh three-year low against a basket of major currencies on Wednesday.

Speaking at the World Economic Forum in Davos on the eve of Trump's arrival at the Swiss resort, Treasury Secretary Steven Mnuchin said the weaker dollar was positive for U.S. trade.

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