(Yicai Global) Nov. 20 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank the People's Bank of China, fixed the yuan's parity rate against the dollar at 7.0118 this morning, 88 basis points weaker for the redback than yesterday.

CFETS fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below it.

Editor: Ben Armour