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Market News Topics
December 06, 2018 01:46 GMT
MNI: PBOC Sets Dollar-Yuan at 6.8599; Yuan 3.69% Weaker Y/Y
BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar/yuan
central parity rate at 6.8599 Thursday, weaker than Wednesday's 6.8476.
USD-CNY EUR-CNY JPY-CNY
-----------------------------------------------
Today's fixing 6.8599 7.7833 6.0682
Prev. fixing 6.8476 7.7764 6.0757
Prev. official close 6.8662 -- --
%Chg y/y -3.69 +0.52 -3.13
%Chg since Jan. 1 -5.16 +0.47 -4.86
%Chg since July '05 +20.64 -- --
- 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% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI London Bureau; +44 203 865 3829; email: jason.webb@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]
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