(Yicai  Global) Jan. 6 -- The China Foreign Exchange Trade System, the  interbank trading and foreign exchange division under China's central  bank, set the yuan's central parity rate against the dollar at 6.9718  this morning, weakening the red back by 37 basis points.

CFETS fixes the benchmark rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.