SHANGHAI, Sept 17 (Reuters) - China's central bank on Friday
set its official yuan midpoint at a one-week low, but its value
against its major trading partners rose to a fresh 5-1/2-year
The People's Bank of China (PBOC) set the midpoint
at 6.4527 yuan per dollar prior to the market open,
197 pips or 0.31%, weaker than the previous fix of 6.4330. It
was the lowest since Sept. 10.
However, the weakened official guidance rate pushed China's
trade-weighted yuan basket index to 99.02, the
highest since March 9, 2016, up 4.41% so far this year,
according to Reuters' calculations based on official data.
Traders and analysts attributed the yuan's strength against
its basket to relatively smaller declines versus the dollar than
(Reporting by Winni Zhou and Andrew Galbraith; Editing by