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MNI: PBOC Sets Yuan Parity Weaker At 6.6497; +1.96% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
at 6.6497 on Tuesday, much weaker than Monday's 6.6157. Today's drop is 0.52%
compared with yesterday, marking the fifth daily drop over 0.5% in the past 12
trading days..
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6497   7.7412   6.0007
Prev. fixing           6.6157   7.7243   5.9777
Prev. official close   6.6490       --       --
%Chg y/y                +1.96    +0.76    +0.57
%Chg since Jan. 1       -2.06    +1.01    -3.79
%Chg since July '05    +24.46       --       --
     - 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 Singapore Bureau; +65 8233 2326; email: Asia-Editor@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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