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USD/CAD Continues to Test Key Support

     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate lower for a second day at 7.0030 on Tuesday, compared with
Monday's 7.0037.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         7.0030   7.7563   6.4476
Prev. fixing           7.0037   7.7414   6.4430
Prev. official close   7.0122       --       --
%Chg y/y                -1.09    +1.31    -5.23
%Chg since Jan 1        -2.09    +1.24    -3.11
%Chg since July '05    +18.18       --       --
     - 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$FX$]