PBOC Sets Yuan-Dollar Parity Rate at New Three Month Low
Tang Shihua
DATE:  May 10 2019
/ SOURCE:  yicai

(Yicai  Global) May 10 -- The China Foreign Exchange Trade System, the  interbank trading and foreign exchange division under China's central  bank, set the yuan parity rate against US dollar at 6.7912, 247 basis  points higher than yesterday, marking the weakest redback since Jan. 25.

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

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Keywords:   Central Parity Rate,PBOC,CNY,US Dollar,Forex Exchange Market