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PBOC Sets Yuan Parity Stronger at 6.6102; +1.24% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6102 Wednesday, stronger than Tuesday's 6.6293. The
PBOC has set the fixing stronger for three straight trading days and today's
fixing marks the highest since Aug. 17 last year. 
                      Dlr-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6102   7.9143   6.0248
Prev. fixing           6.6293   7.9333   6.0961
Prev. official close   6.5975       --       --
%Chg y/y                +1.24    -5.55    +8.81
%Chg since Jan. 1       +5.34    -8.05    -1.57
%Chg since July '05    +25.20       --       --
     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; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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