(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 7.0608 this morning, making the redback 95 basis points stronger 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