(Yicai Global) July 06 -- The People's Bank of China softened the yuan by 25 basis points against the US dollar this morning, fixing the central parity rate at 7.0663.

The onshore yuan market opened at 7.0638, depreciating 25 basis points 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 its figure.

Editor: Emmi Laine