SHANGHAI :
PBOC Lifts Yuan-Dollar Central Parity Rate by 136 Basis Points
Dou Shicong
DATE:  Nov 15 2017
/ SOURCE:  Yicai
PBOC Lifts Yuan-Dollar Central Parity Rate by 136 Basis Points PBOC Lifts Yuan-Dollar Central Parity Rate by 136 Basis Points

(Yicai Global) Nov. 15 -- China's central bank, the People's Bank of China (PBOC), raised the yuan-dollar central parity rate by 136 basis points today, ending two straight days of cuts.

The China Foreign Exchange Trade System (CFETS), PBOC's interbank trading and foreign exchange division, set the yuan central parity rate at 6.6263 against the dollar, as against yesterday's 6.6399.

The onshore yuan-dollar spot exchange rate was 6.6349 at the close of night trading yesterday, while the offshore spot exchange rate was 6.6341 at 9:25 a.m. today.

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