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CBR Raise Reserve Requirements

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10Y Yield Breaks Below 100DMA

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MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
at 6.5960 on Thursday, dropping by 0.60% from 6.5569 in line with the fall
recorded yesterday, and today's fixing marks the seventh consecutive day of
weakness. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.5960   7.6389   5.9966
Prev. fixing           6.5569   7.6441   5.9592
Prev. official close   6.5950       --       --
%Chg y/y                +3.26    +1.04    +1.21
%Chg since Jan. 1       -1.26    +2.37    -3.73
%Chg since July '05    +25.47       --       --
     - 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: beijing@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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