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MNI: PBOC Sets Yuan Parity Weaker at 6.8792; -3.52% Y/Y

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$FX$]

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