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MNI: PBOC Sets Yuan Parity Weaker At 6.3670; +8.72% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
at 6.3670 Wednesday, weaker than the 6.3393 set before three-day holiday. The
central bank has set the fixing weaker for eight times in past nine trading
days, marking the biggest daily drop since Feb 9.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.3670   7.6274   5.7917
Prev. fixing           6.3393   7.6714   5.7967
Prev. official close   6.3439       --       --
%Chg y/y                +8.72    -1.37    +6.49
%Chg since Jan. 1       +2.65    +2.52    -0.32
%Chg since July '05    +29.98       --       --
     - PBOC started setting daily central parity rate 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 Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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