(Yicai Global) Feb. 10 -- 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 US dollar at 6.9863 this morning, depreciating the redback by 95 basis from Feb. 7.

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