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(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.