Yuan-Dollar Central Parity Rate PBOC Sets Recovers Six Points, Ends Three-Day Drop
Xu Wei
DATE:  Sep 22 2017
/ SOURCE:  Yicai
Yuan-Dollar Central Parity Rate PBOC Sets Recovers Six Points, Ends Three-Day Drop Yuan-Dollar Central Parity Rate PBOC Sets Recovers Six Points, Ends Three-Day Drop

(Yicai Global) Sept. 22 -- The central parity rate of the yuan against the dollar turned up six basis points before today's opening of the interbank market, thereby halting a three-day straight drop.

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBOC), set the yuan central parity rate at 6.5861 against the dollar, compared with yesterday's official close of 6.5934.

The onshore spot exchange rates of the yuan against the dollar rose to 6.5922 at the close of night trading yesterday, while the offshore rate rose to 6.5859.

The dollar index dropped 0.064 points to 92.102 at 9.22 a.m.

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Keywords:   Central Parity Rate,CNY,CNH