Trial now

Pullback Considered Corrective


Holding Above Recent Lows


BLOCK, Large 3Y Midcurve Put Condor

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.6247 Monday, weaker than last Friday's 6.6072. PBOC
has set the fixing weaker for the first time after it has been set stronger for
four straight trading days. 
                      USD-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.6247   7.6928   5.8022
Prev. fixing           6.6072   7.7025   5.7947
Prev. official close   6.6295       --       --
%Chg y/y                +1.98    -2.58   +12.94
%Chg since Jan. 1       +4.83    -5.40    +2.21
%Chg since July '05    +24.93       --       --
     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:
--MNI BEIJING Bureau; +1 202-371-2121; email:
--MNI Beijing Bureau; +86 (10) 8532-5998; email: