PBOC weakens yuan by 154 bips to 6.7098

(Yicai Global) March 25 – The People's Bank of China weakened the yuan by 94 basis points against the dollar this morning, fixing the central parity rate at 6.7098. 

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, set the rate 38 points higher than last trading day's market-based closing price 

The CFETS sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.