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MNI DATA FORECASTS: Flash PMIs In Market's Eyesight
MNI: PBOC Sets Yuan Parity Weaker at 6.6347; +2.30% Y/Y
BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6347 Tuesday, weaker than last Friday's 6.6282.
USD-CNY EUR-CNY JPY-CNY
Today's fixing 6.6347 7.7333 5.8376
Prev. fixing 6.6282 7.7193 5.8484
Prev. official close 6.6400 -- --
%Chg y/y +2.30 -4.22 +9.15
%Chg since Jan. 1 +4.66 -5.90 +1.59
%Chg since July '05 +24.74 -- --
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: email@example.com
--MNI BEIJING Bureau; +1 202-371-2121; email: firstname.lastname@example.org
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