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MNI: PBOC Sets Yuan Parity Stronger At 6.6259; +2.75% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
at 6.6295 on Tuesday, stronger than Monday's 6.6393. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6259   7.7905   5.9726
Prev. fixing           6.6393   7.7986   6.0111
Prev. official close   6.6175       --       --
%Chg y/y                +2.75    -0.52    -0.16
%Chg since Jan. 1       -1.59    +0.38    -3.34
%Chg since July '05    +24.90       --       --
     - PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China switched 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 Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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