China's Yuan Weakens to 6.2745 against USD Wednesday-Shanghai Metals Market

Hot Keywords

  • Morning comments
  • Tradeflow
  • Market commentary
  • Silicon
  • zinc
  • Poland
  • Copper
  • Nickel
  • Lead
  • Inventory data
  • Zinc
  • Aluminium
  • MMi Iron Ore Port Index
  • Futures movement
  • Production data

China's Yuan Weakens to 6.2745 against USD Wednesday

Industry News 09:59:24AM Jan 16, 2013 Source:SMM

BEIJING, Jan. 16 (Xinhua) -- The Chinese currency Renminbi, or yuan, weakened 54 basis points to 6.2745 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 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.
 

China's Yuan Weakens to 6.2745 against USD Wednesday

Industry News 09:59:24AM Jan 16, 2013 Source:SMM

BEIJING, Jan. 16 (Xinhua) -- The Chinese currency Renminbi, or yuan, weakened 54 basis points to 6.2745 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 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.