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China’s central bank on Monday lifted its official yuan midpoint to 6.2764 per dollar, the strongest level since August 2015, reflecting a solid yuan performance in the previous session.

Monday’s midpoint was 117 pips, or 0.19 percent, firmer than Friday’s fix of 6.2881 and was the strongest since Aug. 11, 2015, when China shocked global markets with a sharp 2 percent one-off currency devaluation.

China’s yuan strengthened against the dollar on Friday and posted its biggest quarterly gain in a decade, as the country attracts capital inflows and U.S. trade frictions bolstered expectations of a firmer Chinese currency.