(Yicai Global) June 6 -- The China Foreign Exchange Trade System pegged the yuan parity rate against the US dollar lower again today.

It fixed the redback against the US dollar at 6.8945 today, 42 basis points under yesterday's rate. The pair traded at 6.9088 at the official close of the onshore market yesterday.

The system fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below that figure.

The CFETS is the interbank trading and foreign exchange division under China's central bank, the People's Bank of China.

Editor: Ben Armour