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PBOC Sets Yuan Parity Weaker at 6.5465; +2.28% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.5465 Thursday compared with Wednesday's 6.5382. The
PBOC set the fixing weaker for a third consecutive day after being stronger for
11 consecutive trading days.
                      Dlr-CNY  EUR-CNY  JPY-CNY
-----------------------------------------------
Today's fixing         6.5465   7.7813   6.9238
Prev. fixing           6.5382   7.8219   6.9316
Prev. official close   6.5309       --       --
%Chg y/y                +2.28    -3.54   +10.20
%Chg since Jan. 1       +6.41    -6.48    +0.11
%Chg since July '05    +26.42       --       --
     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
[TOPICS: MTABLE,M$A$$$,M$Q$$$,MN$FX$]

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