The People's Bank of China (PBOC) has made several adjustments to the central parity rate of the Chinese yuan against the US dollar over the past few days. On October 29, the PBOC raised the central parity rate by 24 pips to 7.1283 per USD. However, the onshore yuan subsequently weakened to 7.1357 per dollar, marking its lowest level in two months. The offshore yuan also dropped over 100 pips, falling below 7.15 per USD, a new low since August 19. On October 30, the PBOC cut the central parity rate by 107 pips to 7.1390 per USD, the weakest since August 19, and set the fixing range between 7.1392 and 7.1430. The PBOC's reference rate was set at 7.1407, while the yuan opened trade at 7.1250 per dollar on October 31. The PBOC fixed the USD/CNY reference rate at 7.1250, up from the previous fixing of 7.1390.