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MNI: PBOC Sets Yuan Parity Weaker At 6.6218; +4.07% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar weaker at 6.6218 on Friday, compared with Thursday's
6.6195. The PBOC has set the fixing weaker for 10 consecutive trading days, with
today's fixing the weakest since Nov. 22.
                      Dlr-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's Fixing         6.6218   7.7941   5.8498
Prev. fixing           6.6195   7.8121   5.8947
Prev. official close   6.6155       --       --
%Chg y/y                +4.07    -5.12    +3.34
%Chg since Jan. 1       +5.05    -6.63    +1.38
%Chg since July '05    +24.98       --       --
     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: beijing@mni-news.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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