PBOC Stiffens Yuan-Dollar Parity Rate by 50 Bips to 7.0692
Liao Shumin
/SOURCE : yicai

(Yicai Global) March 26 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, set the yuan parity rate against US dollar at 7.0692, 50 basis points stronger for the redback than yesterday.

CFETS fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

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Keywords: Chinese Yuan