China Yuan Strengthens to 6.2586 against USD-Shanghai Metals Market

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China Yuan Strengthens to 6.2586 against USD

Industry News 01:42:19PM Apr 02, 2013 Source:SMM

BEIJING, April 2 -- The Chinese currency Renminbi, or yuan, strengthened 88 basis points to 6.2586 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
1# Zinc
Oct.14
19000.0
10.0
(0.05%)
0# Zinc
Oct.14
19070.0
10.0
(0.05%)
T/C for domestic zinc concentrate
Oct.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Oct.01
280.0
0.0
(0.00%)
Zinc Alloy (Zamak3/ZX01)
Oct.14
19970.0
10.0
(0.05%)

China Yuan Strengthens to 6.2586 against USD

Industry News 01:42:19PM Apr 02, 2013 Source:SMM

BEIJING, April 2 -- The Chinese currency Renminbi, or yuan, strengthened 88 basis points to 6.2586 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.