Free Trial
SGD

SGD NEER Still Lagging Inflation

BRENT TECHS

(N2) Eyeing Resistance

EQUITY TECHS

E-MINI S&P (M2): Trend Needle Points South

EUROZONE ISSUANCE

EGB Supply For W/C May 23, 2022

USDCAD TECHS

Bear Cycle Still In Play

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Singapore)
     BEIJING (MNI) - The PBOC set the yuan central parity rate weaker for a
forth straight trading day at 6.8792 on Friday, compared with the 6.8642 set on
Thursday. The central bank has set the parity weaker for four days out of five
this week.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.8792   8.0111   6.0705
Prev. fixing           6.8642   8.0642   6.0880
Prev. official close   6.8770       --       --
%Chg y/y                -3.52    -2.71    -3.12
%Chg since Jan. 1       -5.31    -2.39    -5.31
%Chg since July '05    +20.31       --       --
     - PBOC started setting daily central parity rates on Jan 4, 2007.  
- On July 21, 2005, China switched to a managed-float formula against a basket
of currencies, reducing 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$FX$]

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.