(Yicai Global) April 2 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, set the yuan's central parity rate against the dollar at 7.0995 this morning, weakening the redback by 224 basis points from yesterday.   

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

Editor: James Boynton