PBOC Cuts Yuan-Dollar Central Parity Rate by 52 Basis Points
Yicai Global
/SOURCE : Yicai
PBOC Cuts Yuan-Dollar Central Parity Rate by 52 Basis Points

(Yicai Global) Nov. 14 -- China's central bank, the People's Bank of China (PBOC), cut the yuan-dollar central parity rate by 53 basis points today, following another cut of 65 basis points yesterday.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6399 against the dollar, over yesterday's 6.6347.

The onshore yuan-dollar spot exchange rate was 6.6384 at the close of night trading yesterday, while the offshore spot exchange rate was 6.6464 at 9:35 a.m. today.

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Keywords: Central Parity Rate , Onshore , Offshore , Yuan