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MNI: PBOC Sets Yuan Parity Lower at 6.8954; Down 2.12% Y/Y

     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate lower for a third trading day at 6.8954 on Tuesday, compared
with 6.9263 set on Monday.
                      USD-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.8954   7.6793   6.2705
Prev. fixing           6.9263   7.6994   6.3206
Prev. official close   6.8942       --       --
%Chg y/y                -2.12    +0.85    -0.66
%Chg since Jan 1        +1.04    +1.77    +2.16
%Chg since July '05    +20.02       --       --
     - 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:
--MNI Sydney Bureau; +61 405322399; email:

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