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     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate higher for a second trading day at 6.9612 on Wednesday
compared with Tuesday's 6.9389, the biggest daily drop since Feb 4, 2020.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.9612   7.8682   6.6216
Prev. fixing           6.9389   7.9181   6.7633
Prev. official close   6.9469       --       --
%Chg y/y                -3.17    -4.06    -8.64
%Chg since Jan 1        +0.28    -0.67    -3.26
%Chg since July '05    +18.89       --       --
     - 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$FX$]