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MNI: PBOC Sets Yuan Parity Weaker at 6.9072; -4.26% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The People's Bank of China (PBOC) on Wednesday set the yuan
central parity rate weaker for a seventh day at 6.9072, the lowest since Mar 15,
2017.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.9072   7.9400   6.1096
Prev. fixing           6.9019   7.9312   6.1055
Prev. official close   6.9235       --       --
%Chg y/y                -4.26    -1.95    -3.74
%Chg since Jan. 1       -5.94    -1.51    -5.51
%Chg since July '05    +19.82       --       --
     - 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: william.bi@mni-news.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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