(Yicai Global) July 18  --  China's central bank set the central parity rate between the Chinese  yuan and the US dollar at 6.8761, 66 basis points firmer for the  redback than yesterday.

The China Foreign  Exchange Trade System, the interbank trading and foreign exchange  division under the People's Bank of China, fixes the benchmark rate on  the morning of each business day. Spot rates may deviate 2 percent  around that figure.

Editor: Emmi Laine