(Yicai Global) Aug.19 -- The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under China's central bank, set the yuan-dollar parity rate at 7.0365 this morning, 53 basis points higher than Aug. 16 to mark the weakest redback since March 2008.

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