China's Yuan Weakens Against U.S. Dollar Wednesday -Shanghai Metals Market

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China's Yuan Weakens Against U.S. Dollar Wednesday

Data Analysis 09:50:00AM Mar 23, 2011 Source:SMM

BEIJING, Mar. 23 -- The Chinese currency, or the yuan, on Wednesday weakened 9 basis points to 6.5601 per U.S. dollar from Tuesday.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

 

Key Words:  dollar  

China's Yuan Weakens Against U.S. Dollar Wednesday

Data Analysis 09:50:00AM Mar 23, 2011 Source:SMM

BEIJING, Mar. 23 -- The Chinese currency, or the yuan, on Wednesday weakened 9 basis points to 6.5601 per U.S. dollar from Tuesday.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the U.S. dollar is based on a weighted average of prices before the opening of the market each business day.

 

Key Words:  dollar