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MNI: PBOC Sets Dollar-Yuan Parity at 6.8945; Down 7.19% Y/Y

     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate higher for a second day at 6.8945 Thursday, compared with
Wednesday's 6.8903. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.8945   7.7531   6.3767
Prev. fixing           6.8903   7.7596   6.3713
Prev. official close   6.9088       --       --
%Chg y/y                -7.19    -3.19    -8.47
%Chg since Jan. 1       -0.62    +1.28    -2.04
%Chg since July '05    +20.04       --       --
     - 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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