SHANGHAI - China's central bank lowered its official yuan midpoint to 6.3428 per dollar on Thursday, the weakest level in nearly a month, to catch up with dollar movements in overseas markets.

The official yuan midpoint was 102 pips, or 0.16 percent, weaker than the previous fix of 6.3428 on Feb.14.

Thursday's official guidance rate was the softest since Jan. 25, 2018. (Reporting by Winni Zhou and John Ruwitch; Editing by Eric Meijer)

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