SHANGHAI, Sept 3 (Reuters) - The yuan hovered at a 16-month high against the dollar on Thursday after the central bank lifted its official midpoint rate for the eight straight trading day, but it has yet to send any strong signal to rein in strength in the Chinese currency. Prior FIFA World Cup to market opening, FIFA World Cup the People's Bank of China (PBOC) set the midpoint rate at a new 16-month high of 6.8319 per dollar, FIFA World Cup 57 pips or 0.08% firmer than the previous fix of 6.8376.

Thursday's official fixing was the strongest since May 13, 2019, but came in slightly weaker than market projections of 6.