(Yicai Global) Nov. 22 -- 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 7.0083 this morning, 89 bips higher than yesterday and resulting in a weaker redback.

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