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China lifts yuan midpoint to strongest in four-and-a-half months

SHANGHAI: China's central bank lifted its official yuan midpoint to the highest in more than four-and-a-half months on Thursday (Dec 26), breaching a key threshold, to reflect strong gains in the spot yuan a day earlier. The People's Bank of China (PBOC) set the midpoint rate at 6.9801 per dollar ...

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