(Yicai Global) May 31 -- The People's Bank of China fixed the central parity rate between the Chinese yuan and the US dollar 2 basis points higher, softening the yuan to 6.8992 a dollar. 

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank fixes the benchmark parity rate on the morning of each business day. Spot rates may deviate 2 percent above or below the figure.

Editor: Emmi Laine