(Yicai Global) Nov. 21 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank the People's Bank of China, fixed the yuan's central parity rate against the dollar 99 basis points higher at 7.0217 this morning, weakening the redback.

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