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MNI: PBOC Sets Yuan Parity Weaker At 6.8293; -1.41% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China (PBOC) set the yuan central
parity rate weaker for a fourth day at 6.8293 on Wednesday, compared with 6.8165
yesterday. Today's fixing hit the lowest in 14 months.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.8293   7.9864   6.1126
Prev. fixing           6.8165   7.9799   6.1398
Prev. official close   6.8255       --       --
%Chg y/y                -1.41    -0.57    -0.45
%Chg since Jan. 1       -4.59    -2.09    -5.56
%Chg since July '05    +21.18       --       --
     - 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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