(Yicai Global) June 5 -- The China Foreign Exchange Trade System fixed the yuan parity rate against the US dollar lower today.
 

It set the redback against the US dollar at 6.8903 today, 81 basis points under yesterday's rate. The pair traded at 6.9130 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 fluctuate 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