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MNI: PBOC Sets Yuan Parity Much Stronger at 6.6021; +4.11% Y/Y

     BEIJING (MNI) - The People's  Bank of China set the yuan central parity
rate against the U.S. dollar at 6.6021 Thursday, much stronger than Wednesday's
6.6290. Today's fixing is the highest since Oct.18, marking the biggest rise
since Oct. 11. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6021   7.8035   5.9351
Prev. fixing           6.6290   7.7836   5.8993
Prev. official close   6.6159       --       --
%Chg y/y                +4.11    -6.18    +4.53
%Chg since Jan. 1       +5.04    -6.74    -0.08
%Chg since July '05    +25.35       --       --
     The People's Bank of China started setting a daily central parity rate on
Jan. 4, 2007.
     On July 21, 2005, China freed the yuan from its longstanding peg to the
dollar in favor of a managed float with reference to a basket of currencies.
     Starting March 17, 2014, the yuan was allowed to move 2% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: beijing@mni-news.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: rich.dirks@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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