(Yicai Global) July 13 -- The People's Bank of China softened the yuan by 22 basis points against the US dollar this morning from the previous trading day, fixing the central parity rate at 6.9965.

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