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China sets yuan mid-point at highest since 2015 devaluation

SHANGHAI, March 27 (Reuters) - China's central bank on Tuesday lifted its official yuan midpoint to 6.2816 per dollar, the strongest level since August 2015, breaching the key 6.3 level to reflect solid spot yuan performance a day earlier.

Tuesday's midpoint was 377 pips, or 0.6 percent, firmer than Monday's fix of 6.3193 and was the strongest since Aug. 11, 2015, when China shocked global markets with a sharp 2 percent one-off currency devaluation.

Traders said Tuesday's official fixing largely matched market expectations.

China's yuan strengthened against the dollar on Monday to post its best day in nearly two months, when the dollar remained weak globally and worries about a possible trade war between the United Stated and China eased. (Reporting by Winni Zhou and John Ruwitch; Editing by Sam Holmes)