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MNI: PBOC Sets Yuan Parity Stronger at 7.0008; Down 1.03 Y/Y

     BEIJING (MNI) - The People's Bank of China (PBOC) set the dollar-yuan
central parity rate higher for a second day at 7.0008 on Thursday, compared with
Wednesday's 7.0080. 
                      USD-CNY  EUR-CNY  JPY-CNY
Today's fixing         7.0008   7.7494   6.4267
Prev. fixing           7.0080   7.7630   6.4222
Prev. official close   6.9987       --       --
%Chg y/y                -1.03    +1.68    -5.09
%Chg since Jan 1        -1.90    +1.33    -2.80
%Chg since July '05    +18.22       --       --
     - The PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China switched to a managed-float formula against a basket
of currencies, weakening the yuan's peg to the dollar.  
- Since March 17, 2014, the yuan has been allowed to move 2% in a range on
either side of the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:
--MNI Sydney Bureau; +61 405322399; email:

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