18 August 2017
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China central bank sets yuan midpoint at strongest level in 2016

The People's Bank of China (PBOC) on Thursday set its official midpoint rate at 6.4612 per dollar prior to the market opening, its strongest fixing in 2016, after the greenback tumbled after the U.S. Federal Reserve's dovish comments on the U.S. economy and prospects of interest rate hikes, according to Reuters.

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