(Yicai Global) June 10 -- 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 7.0703 this morning, 8 basis points stronger for the redback than yesterday.

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

Editor: James Boynton