(Yicai Global) Oct. 8 -- 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 7.0726 this morning, 3 basis  points lower than Sept. 30 when the onshore market closed for the week-long National Day holiday.
 

The CFETS fixes the benchmark parity rate on the morning of each business day, a lower rate means a stronger redback. Spot rates may deviate 2 percent above or below the figure.