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South Korea's Exports Prove Resilient

CHINA PRESS

China Repo Rates Fall on Thursday

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.5412 on Thursday, stronger than Wednesday's 6.5421.
Today's fixing is the highest since Sept. 13.  
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.5412   7.7837   5.7788
Prev. fixing           6.5421   7.7580   5.7795
Prev. official close   6.5555       --       --
%Chg y/y                +6.01    -6.59    +2.41
%Chg since Jan. 1       +6.01    -6.51    +2.63
%Chg since July '05    +26.52       --       --
     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$FX$]