(Yicai Global) June 16 -- China's central bank set the yuan’s central parity rate against the US dollar at 7.0755 this morning, strengthening the redback by 147 basis points from yesterday.

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

Editor: Emmi Laine