(Yicai Global) July 21 -- The People's Bank of China strengthened the yuan against the US dollar this morning, fixing the central parity rate at 6.9862, 66 basis points firmer for the redback from the yesterday.

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 swing 2 percent above or below its figure.

Editor: Emmi Laine