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MNI DATA FORECASTS: Flash PMIs In Market's Eyesight
MNI: PBOC Sets Dollar-Yuan Parity at 7.0879; Down 4.82% Y/Y
BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate higher at 7.0879 on Friday, compared with 7.0858 on
USD-CNY EUR-CNY JPY-CNY
Today's fixing 7.0879 7.8661 6.6845
Prev. fixing 7.0858 7.8902 6.7174
Prev. official close 7.1514 -- --
%Chg y/y -4.82 +1.18 -8.41
%Chg since Jan. 1 -3.99 -0.18 -6.55
%Chg since July '05 +16.76 -- --
- 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: firstname.lastname@example.org
--MNI Sydney Bureau; +61 405322399; email: email@example.com
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