(Yicai Global) Oct. 11 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank the People's Bank of China, lowered the yuan's central parity rate against the dollar by 3 basis points this morning, strengthening the redback to 7.0727.

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

Editor: Ben Armour