SHANGHAI :
PBOC Cuts Yuan-Dollar Central Parity Rate by 65 Basis Points
Dou Shicong
DATE:  Nov 13 2017
/ SOURCE:  Yicai
PBOC Cuts Yuan-Dollar Central Parity Rate by 65 Basis Points PBOC Cuts Yuan-Dollar Central Parity Rate by 65 Basis Points

(Yicai Global) Nov. 13 -- China's central bank, the People's Bank of China (PBOC), cut the yuan-dollar central parity rate by 65 basis points today, following a rise of 43 basis points Nov.10.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6347 against the dollar, over Friday's 6.6282.

The onshore yuan-dollar spot exchange rate was 6.6398 at the close of night trading on Friday, while the offshore spot exchange rate was 6.6575 at 9:25 a.m. today.

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Keywords:   Central Parity Rate,Onshore,Offshore,CNY,Dollar