PBOC Sets Yuan-Dollar Central Parity Rate at Two-Week High
Xu Wei
DATE:  Oct 26 2017
/ SOURCE:  Yicai
PBOC Sets Yuan-Dollar Central Parity Rate at Two-Week High PBOC Sets Yuan-Dollar Central Parity Rate at Two-Week High

(Yicai Global) Oct. 26 -- The central parity rate of the yuan against the greenback upturned 34 basis points before today's opening of the interbank market. It marks the biggest rise in two weeks.

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBOC), set the yuan central parity rate at 6.6288 against the dollar, as against yesterday's official close of 6.6408.

The onshore spot exchange rate of the yuan against the dollar increased to 6.6400 at the close of night trading yesterday, while the offshore spot exchange rate inched down to 6.6399 from 6.6400 at 4.30 p.m.

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Keywords:   Central Parity Rate,Onshore Yuan,CNY,Offshore,CNH,US Dollar,Foreign Currency