China Yuan Advances against USD Thursday, April 25-Shanghai Metals Market

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China Yuan Advances against USD Thursday, April 25

Industry News 10:15:29AM Apr 25, 2013 Source:SMM
BEIJING, April 25 (Xinhua) -- The Chinese currency Renminbi, or yuan, gained 84 basis points to 6.2300 against the U.S. dollar on Thursday, 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.22
47170.0
-20.0
(-0.04%)
Standard-Grade Copper
Oct.22
47160.0
-20.0
(-0.04%)
High-Grade Copper
Oct.22
47180.0
-15.0
(-0.03%)
Guixi copper
Oct.22
47190.0
-10.0
(-0.02%)
Low-quality copper
Oct.22
47130.0
-10.0
(-0.02%)

China Yuan Advances against USD Thursday, April 25

Industry News 10:15:29AM Apr 25, 2013 Source:SMM
BEIJING, April 25 (Xinhua) -- The Chinese currency Renminbi, or yuan, gained 84 basis points to 6.2300 against the U.S. dollar on Thursday, 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.