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MNI: PBOC Sets Yuan Parity Weaker at 6.9154; -4.83% Y/Y

MNI (Singapore)
     BEIJING (MNI) - The PBOC set the yuan central parity rate weaker for a
tenth trading day at 6.9154 on Monday, marking the lowest parity since Jan 11,
2017.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.9154   7.9930   6.1691
Prev. fixing           6.9120   8.0045   6.1571
Prev. official close   6.9234       --       --
%Chg y/y                -4.83    -2.48    -4.86
%Chg since Jan. 1       -5.94    -2.17    -6.42
%Chg since July '05    +19.68       --       --
     - 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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