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(Yicai Global) Oct. 10 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, raised the yuan's central parity rate against the dollar by 2 basis points this morning, weakening the redback to 7.0730 a dollar.
CFETS fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.