Markets News

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / China's Yuan Weakens to 6.4032 against USD Friday

China's Yuan Weakens to 6.4032 against USD Friday

Aug 19, 2011 10:09

Source:SMM

the yuan weakens 90 basis points to 6.4032 per U.S. dollar on Friday

BEIJING, Aug. 19 (Xinhua) -- The Chinese currency Renminbi, or the yuan, weakens 90 basis points to 6.4032 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central parity rate each trading day.

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

yuan

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

First-quarter export orders across companies that produced aluminium die-casting parts in Sichuan, Jiangsu and Zhejiang provinces declined as the yuan gained against the dollar

Apr 10, 2018 14:06

Industry

Yuan's appreciation weighs on Q1 export orders at aluminium die-casting plants

Chinese Yuan Posts Biggest Drop in 5 Weeks over US Dollar

The Chinese yuan fall the most significant against the US dollar over the past five weeks.

Oct 27, 2017 10:02

Industry

Chinese Yuan Posts Biggest Drop in 5 Weeks over US Dollar

Chinese Yuan Rises for 7 Days on End against US Dollar

The central parity of the yuan rose 298 to 6.5370 on Tuesday, the highest from May 18, 2016, compared to 6.5668 on Monday.

Sep 5, 2017 10:30

Industry

Chinese Yuan Rises for 7 Days on End against US Dollar

Gold Higher on Safe-Haven Demand Amid World Stock Market Sell-Off Tuesday

Gold prices ended higher marginally on US day session Tuesday.

Sep 2, 2015 17:58

Industry

Gold Hits 4-Week High with FOMC Minutes Getting Mixed Reviews

The FOMC Minutes moved gold higher slightly on afternoon US trade.

Aug 20, 2015 19:03

Industry

Wall Street, Main Street Bullish On Gold After Four Consecutive Weeks Of Bearish Calls

Wall Street and Main Street expect the gold prices to move higher during this week.

Aug 17, 2015 16:55

Industry

China Talks And Walks Back A Currency War, Slamming Gold

In a press conference, the Chinese central bank has stated that the country's currency will not be further devalued.

Aug 17, 2015 10:06

Industry

Currency manipulation likely to boost Chinese steel exports: AISI

The devaluation of Chinese currency is expected to boost exports from that country. The rise in exports from China may adversely affect the US manufacturing sector, especially steel sector.

Aug 12, 2015 17:37

Industry

China Goes After Dollar With Gold Fix

For the gold bugs out there, a quickie: China is launching a facility that allows the yuan’s value to be fixed against gold.

May 18, 2015 13:43

Industry

SMM Events & Webinars

All

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

China's Yuan Weakens to 6.4032 against USD Friday

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain