(Yicai Global) July 22 -- The People's Bank of China bolstered the yuan against the US dollar this morning for the third straight day, fixing the central parity rate at 6.9718,144 basis points firmer for the redback than yesterday.

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 swing 2 percent above or below its figure.

Editor: Ben Armour