MNI: PBOC Sets Yuan Parity Higher At 6.7468 Weds; +6.13% Y/Y

MNI (BEIJING) - The People's Bank of China (PBOC) set the dollar-yuan central parity rate higher at 6.7468 on Wednesday, compared with 6.7459 set on Tuesday. The fixing was estimated at 6.6973 survey today. -------------------------------------------------- USD-CNY EUR-CNY JPY-CNY Today's Fixing 6.7468 7.6935 4.2754 Prev. Fixing 6.7459 7.7059 4.2794 Prev. Official Close 6.7019 -- -- % Chg Y/Y +6.13 +8.55 +12.41 % Chg Since Jan. 1 +4.28 +6.62 +4.46 % Chg Since July '05 +22.67 -- -- The PBOC started setting daily central parity rates on Jan 4, 2007. On July 21, 2005, China switched to a managed-float formula against a basket of currencies, weakening the yuan's peg to the dollar. Since March 17, 2014, the yuan has been allowed to move 2% in a range on either side of the daily fixing against the dollar.