(Yicai  Global) March 18 -- China's central bank set the central parity rate  between the Chinese yuan and the US dollar at 7.0328, 234 basis points  softer for the redback from yesterday.

The  China Foreign Exchange Trade System, the interbank trading and foreign  exchange division under the People's Bank of China, fixes the benchmark  parity rate on the morning of each business day. Spot rates may deviate 2  percent above or below the figure during that day.

Editor: Emmi Laine