SHANGHAI :
Yuan-Dollar Central Parity Rate Set by PBOC Adds Four Points
Xu Wei
DATE:  Sep 18 2017
/ SOURCE:  Yicai
Yuan-Dollar Central Parity Rate Set by PBOC Adds Four Points Yuan-Dollar Central Parity Rate Set by PBOC Adds Four Points

(Yicai Global) Sept. 15 -- The central parity rate of the yuan (CNY) against the US dollar (USD) edged up 4 basis points before the opening of the interbank market on Sept. 15.

The China Foreign Exchange Trade System (CFETS), the interbank trading and foreign exchange division of China's central bank, the People's Bank of China (PBOC), set the yuan central parity rate at 6.5419 against the dollar, compared with the official close of 6.5442 on Sept. 14.

The onshore spot exchange rates of the yuan against the dollar fell to 6.5500 at the close of night trading Sept. 14, while the offshore rate fell to 6.5484.

The dollar index stiffened by 0.048 points to 91.863 at 9.22 a.m. Sept. 15.

The Growth Enterprise Index climbed 0.09 percent to 1,880.92 points, with turnover of CNY44.5 billion.

As commodity prices slid, resource stocks led the losers, while real estate shares maintained their advance, with the commodity home inventory down to a nearly 31-month nadir as the area of commercial housing available for sale fell 12 percent yearly to plumb a new low since January 2015 at the end of last month, per data the National Bureau of Statistics outed yesterday.

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Keywords:   Central Parity Rate,CNY,CNH,Dollar,Foreign Currency