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MNI: PBOC Sets Dollar-Yuan Parity at 6.7101; Down 6.41% Y/Y

     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate at 6.7101 on Wednesday, compared with 6.7062 on Tuesday. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.7101   7.6170   6.0235
Prev. fixing           6.7062   7.6028   6.0235
Prev. official close   6.7154       --       --
%Chg y/y                -6.41    +2.69    -1.15
%Chg since Jan. 1       +2.24    +3.09    +3.71
%Chg since July '05    +23.34       --       --
     - 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 Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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