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CHINA RATES

China Repo Rates Diverge Friday

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The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher for a fourth day at 6.4361 on Friday, compared with the 6.4298 set on Thursday, marking the weakest fixing since May 24.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.43617.66715.8360

Prev. Fixing

6.4298
7.7065
5.8023

Prev. Official Close

6.4277

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% Chg Y/Y

+10.24

+3.95

+13.63

% Chg Since Jan. 1

+1.74

+4.67

+8.35

% Chg Since July '05

+28.59

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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.