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MNI: PBOC Sets Yuan Parity Stronger at 6.6271; +3.54% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6271 Monday, stronger than last Friday's 6.6277.
The PBOC has set the fixing stronger for two straight trading days. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6271   7.7821   5.9120
Prev. fixing           6.6277   7.8028   5.8603
Prev. official close   6.6353       --       --
%Chg y/y                +3.54    -6.06    +5.75
%Chg since Jan. 1       +4.74    -6.49    +0.31
%Chg since July '05    +24.88       --       --
     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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