Yuan-Dollar Central Parity Rate Strengthens 33 Basis Points
Liao Shumin
/SOURCE : Yicai
Yuan-Dollar Central Parity Rate Strengthens 33 Basis Points

(Yicai Global) Oct. 12 -- The central parity rate of the yuan against the dollar set by PBOC firmed up 33 basis points today, rising for a third consecutive day.

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 6.5808 against the dollar, compared with yesterday's official close of 6.5887.

The onshore spot exchange rates of the yuan against the dollar rose to 6.5869 at the close of night trading yesterday, while the offshore rate declined to 6.5732. 

After the central parity rate announced today, the onshore rate dropped to 6.5940, and the offshore rate also declined to 6.5869.

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Keywords: Central Parity Rate , CNY , CNH