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PBOC Sets Yuan Parity Stronger at 6.6216; +1.89% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6216 Tuesday, stronger than Monday's 6.6247. 
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6216   7.6877   5.8199
Prev. fixing           6.6247   7.6928   5.8022
Prev. official close   6.6339       --       --
%Chg y/y                +1.89    -2.31   +11.80
%Chg since Jan. 1       +4.76    -5.34    +1.90
%Chg since July '05    +24.99       --       --
     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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