Free Trial

MNI: Yuan Parity Set Stronger At 6.4169, +6.36% Y/Y

MNI (Singapore)
     BEIJING (MNI) - PBOC set yuan central parity rate vs U.S. dollar at 6.4169
on Friday, stronger than Thursday's 6.4401. PBOC has set the fixing stronger for
four trading days out of five this week, which led to total 1.18% gain in the
fixing. Today's fixing marks the highest since Dec 9, 2015.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.4169   7.8574   5.7812
Prev. fixing           6.4401   7.8482   5.7854
Prev. official close   6.4255       --       --
%Chg y/y                +6.36    -7.25    +3.45
%Chg since Jan. 1       +1.35    -0.48    -0.14
%Chg since July '05    +28.97       --       --
     - PBOC started setting daily central parity rate on Jan 4, 2007.
- On July 21, 2005, China changed to a managed float with reference to a basket
of currencies, freeing the yuan's peg to the dollar.
- Starting March 17, 2014, the yuan is allowed to move 2% on either side of the
daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: beijing@mni-news.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.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

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.