(Yicai Global) Jan. 18 -- The People's Bank of China set the central parity rate of its yuan currency against the US dollar at 6.4845 this morning, 212 basis points weaker for the redback from the previous trading day.

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 deviate 2 percent above or below the figure.

Editor: Emmi Laine