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PBOC Sets Yuan Parity Much Stronger at 6.6353; -0.17% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6353 Monday, much stronger than Friday's 6.6579.
Today's fixing marks the highest parity since Aug. 19 last year and the biggest
daily jump in two weeks.
                      Dlr-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6353   7.9302   6.0725
Prev. fixing           6.6579   7.8539   6.0774
Prev. official close   6.6645       --       --
%Chg y/y                -0.17    -5.33    +8.91
%Chg since Jan. 1       +4.28    -8.23    -2.34
%Chg since July '05    +24.73       --       --
     The People's Bank of China started setting a daily central parity rate on
Jan. 4, 2007.
     On July 21, 2005 China freed the yuan from its longstanding peg to the
dollar in favor of a managed float with reference to a basket of currencies.
     Starting March 17, 2014 the yuan was 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; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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