SHANGHAI :
PBOC Cuts Yuan-Dollar Central Parity Rate by 85 Basis Points
Dou Shicong
DATE:  Nov 21 2017
/ SOURCE:  Yicai
PBOC Cuts Yuan-Dollar Central Parity Rate by 85 Basis Points PBOC Cuts Yuan-Dollar Central Parity Rate by 85 Basis Points

(Yicai Global) Nov. 21 -- China's central bank, the People's Bank of China (PBOC), cut the yuan-dollar central parity rate by 85 basis points today, following a rise of 6 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 6.6356 versus the dollar, as against yesterday's 6.6271.

The onshore yuan-dollar spot exchange rate was 6.6300 at the official close yesterday, while the offshore spot exchange rate stood at 6.6468 at 9:25 a.m. today.

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Keywords:   Central Parity Rate,Onshore,Offshore,Yuan,Dollar,Pboc