China Yuan Weakens to 6.3016 against USD Tuesday-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Primary lead
  • Copper
  • Customs data
  • Market commentary
  • Nickel
  • price forecast
  • Futures movement
  • MMi Iron Ore Port Index
  • Inventory data
  • Secondary lead
  • Morning comments
  • Evening comments

China Yuan Weakens to 6.3016 against USD Tuesday

Data Analysis 10:28:17AM Jun 19, 2012 Source:SMM

BEIJING, June 19 (Xinhua) -- The Chinese currency Renminbi, or the yuan, lost 11 basis points to 6.3016 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 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
62% Fe Fines (Qingdao Port): IOPI62
May.24
758.0
3.0
(0.40%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
May.24
101.8
0.4
(0.41%)
58% Fe Fines (Qingdao Port): IOPI58
May.24
644.0
0.0
(0.00%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
May.24
86.8
0.0
(0.00%)
65% Fe Fines (Qingdao Port): IOPI65
May.24
866.0
2.0
(0.23%)

China Yuan Weakens to 6.3016 against USD Tuesday

Data Analysis 10:28:17AM Jun 19, 2012 Source:SMM

BEIJING, June 19 (Xinhua) -- The Chinese currency Renminbi, or the yuan, lost 11 basis points to 6.3016 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System.

In China's foreign exchange spot market, the yuan is allowed to rise or fall by 1 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.