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BEIJING (MNI) - The People's Bank of China set the yuan central parity
rate against the U.S. dollar at 6.5944 Tuesday, weaker than Monday's 6.5874. The
PBOC has set the fixing weaker for two straight trading days.
USD-CNY EUR-CNY JPY-CNY
Today's fixing 6.5944 7.8481 5.9364
Prev. fixing 6.5874 7.8534 5.9026
Prev. official close 6.5979 -- --
%Chg y/y +4.81 -6.61 +3.23
%Chg since Jan. 1 +5.33 -7.27 -0.10
%Chg since July '05 +25.50 -- --
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: firstname.lastname@example.org
--MNI BEIJING Bureau; +1 202-371-2121; email: email@example.com
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