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MNI: PBOC Sets Yuan Parity Weaker at 6.8389; -4.98% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The PBOC set the yuan central parity rate at 6.8389 on
Monday, weaker than last Friday's 6.8212. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.8389   7.9059   6.1671
Prev. fixing           6.8212   7.9295   6.1723
Prev. official close   6.8379       --       --
%Chg y/y                -4.98    -1.32    -2.97
%Chg since Jan. 1       -4.77    -1.09    -6.39
%Chg since July '05    +21.01       --       --
     - 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: beijing@marketnews.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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