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MNI: PBOC Sets Yuan Parity Weaker at 6.9019; -3.85% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The PBOC set the yuan central parity rate weaker at 6.9019
on Tuesday, the sixth straight day of weaker rates. Today's parity is the lowest
since May 11, 2017.
                      USD-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.9019   7.9312   6.1055
Prev. fixing           6.8957   7.9529   6.0710
Prev. official close   6.9135       --       --
%Chg y/y                -3.85    -1.54    -3.13
%Chg since Jan. 1       -5.81    -1.40    -5.45
%Chg since July '05    +19.91       --       --
     - 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:
--MNI Beijing Bureau; +86-10-8532-5998; email:

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