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MNI: PBOC Sets Yuan Parity Much Stronger At 6.2816, +9.59% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
vs the U.S. dollar at 6.2816 on Tuesday, 377 bps stronger than Monday's parity
-- the biggest daily rise since Oct 17, 2017. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.2816   7.8218   5.9540
Prev. fixing           6.3193   7.8136   6.0297
Prev. official close   6.2849       --       --
%Chg y/y                +9.59    -4.70    +4.42
%Chg since Jan. 1       +3.61    -0.03    -3.04
%Chg since July '05    +31.75       --       --
     - PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China changed to a managed float against a basket of
currencies, freeing the yuan's peg to the dollar.  
- Since March 17, 2014, the yuan has been allowed to move 2% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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