China's Yuan Weakens against USD Monday -Shanghai Metals Market

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China's Yuan Weakens against USD Monday

Data Analysis 10:14:46AM Nov 09, 2010 Source:SMM

BEIJING, Nov. 9 -- The central parity rate of renminbi, or China's currency yuan, weakened 82 basis points Monday to 6.6692 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.

At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5-percent each way of the central parity rate.


 

China's Yuan Weakens against USD Monday

Data Analysis 10:14:46AM Nov 09, 2010 Source:SMM

BEIJING, Nov. 9 -- The central parity rate of renminbi, or China's currency yuan, weakened 82 basis points Monday to 6.6692 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System.

At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5-percent each way of the central parity rate.