Yuan central parity rate against the dollar set at 6.7367, weaker by 16 points
In short
The yuan's central parity rate against the US dollar was set at 6.7367 on October 8, CLS and 36Kr reported. The rate was lowered by 16 points, and Yicai described the move as a 16-basis-point weakening of the yuan.
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The yuan's central parity rate against the US dollar was set at 6.7367 on October 8, lowered by 16 points, CLS and 36Kr reported. Yicai reported the same move as a 16-basis-point weakening of the yuan against the dollar. [ 1 , 2 , 3 ]
CLS published the figure at 09:17 local time, and 36Kr and Yicai followed at 09:19. None of the reports gave a reason for the change or described any market reaction. [ 1 , 2 , 3 ]
Why it matters
The central parity rate is the daily reference rate for the yuan against the dollar, and business and tech outlets reported this setting within minutes of each other. The documents describe a small move of 16 points and give no reason for it or reaction to it.
Key facts
- The yuan's central parity rate against the US dollar was set at 6.7367 on October 8. [ 1 , 2 ]
- The rate was lowered by 16 points. [ 1 , 2 ]
- Yicai reported the yuan's central parity rate against the dollar was weakened by 16 basis points. [ 3 ]
- CLS reported the figure at 09:17 local time; 36Kr and Yicai followed at 09:19. [ 1 , 2 , 3 ]
Confirmed by several sources
Still unclear
- Why the rate was set weaker. None of the reports gives a reason for the move.
- How markets reacted to the setting. The reports carry only the rate and the size of the change.