China's Yuan Rises to New High against USD Wednesday -Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Macroeconomics
  • Market commentary
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • Nickel
  • Futures movement
  • In the United States
  • trade negotiations

China's Yuan Rises to New High against USD Wednesday

Data Analysis 03:27:36PM Feb 29, 2012 Source:SMM

BEIJING, Feb. 29 (Xinhua) -- The Chinese currency Renminbi, or the yuan, rose to a new high against the dollar on Wednesday.

It strengthened 42 basis points to stand at 6.2919 against the U.S. dollar on Wednesday, 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.
 

Price

more
#1 Lead
Oct.17
17000.0
150.0
(0.89%)
#1 Lead - Guangdong
Oct.17
17000.0
150.0
(0.89%)
#1 Lead - Henan
Oct.17
16950.0
125.0
(0.74%)
#1 Lead -Tianjin
Oct.17
17000.0
175.0
(1.04%)
#2 Lead
Oct.17
16625.0
100.0
(0.61%)

China's Yuan Rises to New High against USD Wednesday

Data Analysis 03:27:36PM Feb 29, 2012 Source:SMM

BEIJING, Feb. 29 (Xinhua) -- The Chinese currency Renminbi, or the yuan, rose to a new high against the dollar on Wednesday.

It strengthened 42 basis points to stand at 6.2919 against the U.S. dollar on Wednesday, 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.