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CORRECT: PBOC Sets Yuan Parity Higher at 7.1277; Down 3.61% YY

MNI (London)
--Corrects wrong fix level in headline from story sent at 0257BST
     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate higher at 7.1277 on Thursday, compared with the 7.1092 set
on Wednesday.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         7.1277   7.8522   6.6154
Prev. fixing           7.1092   7.8066   6.6147
Prev. official close   7.1547       --       --
%Chg y/y                -3.61    -1.70    -4.84
%Chg since Jan 1        -2.63    -0.47    -3.17
%Chg since July '05    +16.11       --       --
     - The PBOC started setting daily central parity rates on Jan 4, 2007.  
     - On July 21, 2005, China switched to a managed-float formula against a
basket of currencies, weakening the yuan's peg to the dollar.  
     - Since March 17, 2014, the yuan has been allowed to move 2% in a range on
either side of the daily fixing against the dollar.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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