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MNI: PBOC Sets Dollar-Yuan Parity at 6.7592; Down 4.64% Y/Y

MNI (London)
     BEIJING (MNI) - The People's Bank of China (PBOC) set the yuan's central
parity rate against the dollar at 6.7592 on Thursday, with the Chinese currency
strengthening from the 6.7615 set Wednesday. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.7592   7.7038   6.1975
Prev. fixing           6.7615   7.7142   6.2245
Prev. official close   6.7550       --       --
%Chg y/y                -4.64    +2.49    -6.10
%Chg since Jan. 1       +1.64    +1.93    +0.80
%Chg since July '05    +22.44       --       --
     - 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; 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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