Free Trial

MNI: PBOC Sets Yuan Parity Weaker At 6.8165; -1.21% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
weaker for a third day at 6.8165 on Tuesday, compared with 6.8131 yesterday.
Today's weaker setting extended the monthly drop to more than 3%.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.8165   7.9799   6.1398
Prev. fixing           6.8131   7.9486   6.1438
Prev. official close   6.8256       --       --
%Chg y/y                -1.21    -0.49    -0.89
%Chg since Jan. 1       -4.59    -2.01    -5.97
%Chg since July '05    +21.41       --       --
     - 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: william.bi@mni-news.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.