China Yuan Retreats against USD Wednesday, April 24-Shanghai Metals Market

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China Yuan Retreats against USD Wednesday, April 24

Industry News 02:24:56PM Apr 24, 2013 Source:SMM
BEIJING, April 24 -- The Chinese currency Renminbi, or yuan, lost 24 basis points to 6.2384 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

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#1 Refined Cu
Oct.21
47190.0
450.0
(0.96%)
Aluminum Ingot
Oct.21
13960.0
-40.0
(-0.29%)
#1 Lead
Oct.21
16975.0
-50.0
(-0.29%)
0# Zinc
Oct.21
19040.0
160.0
(0.85%)
#1 Tin Ingot
Oct.21
138000.0
-1500.0
(-1.08%)

China Yuan Retreats against USD Wednesday, April 24

Industry News 02:24:56PM Apr 24, 2013 Source:SMM
BEIJING, April 24 -- The Chinese currency Renminbi, or yuan, lost 24 basis points to 6.2384 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.