China Yuan Retreats against USD Wednesday-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • hydrogen stations
  • Market commentary
  • Copper
  • thép
  • Production data
  • Aluminium
  • Stainless steel
  • Macroeconomics
  • Morning comments
  • Mengtai Group
  • Lithium
  • Iron ore

China Yuan Retreats against USD Wednesday

Industry News 01:50:55PM Apr 03, 2013 Source:SMM

BEIJING, April 3 -- The Chinese currency Renminbi, or yuan, lost 23 basis points to 6.2609 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.

 

Price

more
SMM #1 Nickel
Oct.14
137050.0
650.0
(0.48%)
#1 JinChuan Nickel
Oct.14
137150.0
650.0
(0.48%)
#1 Import Nickel
Oct.14
136950.0
650.0
(0.48%)
JinChuan B&C
Oct.14
650.0
0.0
(0.00%)
Russian nickel premium
Oct.14
450.0
0.0
(0.00%)

China Yuan Retreats against USD Wednesday

Industry News 01:50:55PM Apr 03, 2013 Source:SMM

BEIJING, April 3 -- The Chinese currency Renminbi, or yuan, lost 23 basis points to 6.2609 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.