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PBOC Sets Yuan Parity Stronger at 6.6300; +2.17% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6300 Wednesday, much stronger than Tuesday's
6.6397. Today's fixing rose 97 bps compared with previous day, the largest daily
rise since Oct. 11.
                      USD-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.6300   7.7250   5.8324
Prev. fixing           6.6397   7.7333   5.8700
Prev. official close   6.6272       --       --
%Chg y/y                +2.17    -3.84   +10.79
%Chg since Jan. 1       +4.86    -5.80    +1.68
%Chg since July '05    +24.83       --       --
     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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