PBOC Sets Yuan Parity At 6.6113 Against Dollar

The People's Bank of China set the yuan mid-point at 6.6113 against the dollar on Tuesday, a seventh straight weaker setting and contrasted with the past fix of 6.6015.
Market members said the official fix was in accordance with their conjectures, mirroring the dollar's developments in worldwide exchange.

The China Foreign Exchange Trade System sets the weighted normal of costs given by showcase producers. The most elevated and least offers are barred from the computation. The national bank permits the dollar/yuan rate to move close to 2% above or beneath the focal equality rate.
Market watchers see a yuan level of 7 against the dollar, USD/CNY, as a key touchstone for slant in the close term.