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Real-time insight on key fixed income and fx markets.
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Free AccessMNI: PBOC Sets Yuan Parity Weaker At 6.4003; +6.34% Y/Y
BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
weaker at 6.4003 on Friday, compared with Thursday's 6.3919. PBOC has set the
fixing weaker for the first time after three days of gain.
USD-CNY EUR-CNY JPY-CNY
-----------------------------------------------
Today's fixing 6.4003 7.5496 5.8360
Prev. fixing 6.3919 7.5316 5.8029
Prev. official close 6.3933 -- --
%Chg y/y +6.34 +0.85 +5.58
%Chg since Jan. 1 +1.86 +3.58 -1.08
%Chg since July '05 +29.31 -- --
- 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: william.bi@mni-news.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]
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