(Yicai Global) Jan. 15 -- The People's Bank of China set the central parity rate of its yuan currency against the US dollar at 6.4633 this morning, 113 basis points stronger for the redback than yesterday’s 6.4746.

A higher value in the pair corresponds to a weaker yuan against the greenback.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

Editor: Ben Armour