PBOC Weakens Yuan by 2 Bips to 7.0730 a Dollar
Tang Shihua
/SOURCE : yicai

(Yicai Global)  Oct. 10 -- The China Foreign Exchange Trade System, the interbank  trading and foreign exchange division under China's central  bank,  raised the yuan's central parity rate against the dollar by 2 basis  points this morning, weakening the redback to 7.0730 a dollar.

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

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Keywords: Central Parity Rate , CNY , USD , Foreign Exchange Market , PBOC