(Yicai Global) Dec. 3 -- The People's Bank of China set the central parity rate of its currency against the US dollar at 6.5592 this morning, 19 basis points stronger for the redback from yesterday after stiffening the midpoint by 310 bips that day.

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

Editor: Emmi Laine