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US EURODLR FUTURES

Some Light Selling Seen

CHINA RATES

China Repo Rates Fall on Wednesday

CNH

USD/CNH Bears Eye Key Support

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The People's Bank of China (PBOC) set the dollar-yuan central parity rate lower at 6.4300 on Monday, compared with the 6.4386 set on Friday.

USD-CNY

EUR-CNY

JPY-CNY

Today's Fixing

6.43007.45845.6253

Prev. Fixing

6.4386
7.4652
5.6590

Prev. Official Close

6.4291

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% Chg Y/Y

+4.19

+5.24

+12.93

% Chg Since Jan. 1

+1.72

+7.60

+12.41

% Chg Since July '05

+28.71

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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.