(Yicai Global) May 15 -- China's central bank set the yuan's central parity rate against the US dollar at 7.0936 this morning, strengthening the redback by 12 basis points from yesterday.

The Chinese Foreign Exchange Trade System, the interbank trading and foreign exchange division under China’s central bank, fixes the benchmark rate on the morning of each business day. Spot rates may swing 2 percent above or below the figure during the day.

Editor: Emmi Laine