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MNI: PBOC Sets Yuan Parity Weaker at 6.8246; -3.56% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The PBOC set the yuan central parity rate at 6.8246 on
Friday, weaker than Thursday's 6.8113. The central bank has set the fixing
weaker for three trading days out of five this week.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.8246   7.9646   6.1524
Prev. fixing           6.8113   7.9759   6.0998
Prev. official close   6.8360       --       --
%Chg y/y                -3.56    -1.41    -2.83
%Chg since Jan. 1       -4.74    -1.82    -6.17
%Chg since July '05    +21.27       --       --
     - 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$FX$]

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