China Yuan Weakens to 6.1757 against USD Wednesday-Shanghai Metals Market

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China Yuan Weakens to 6.1757 against USD Wednesday

Industry News 04:33:22PM Jun 05, 2013 Source:SMM
BEIJING, June 5 -- The Chinese currency Renminbi, or the yuan, lost 22 basis points to 6.1757 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.18
46740.0
40.0
(0.09%)
Standard-Grade Copper
Oct.18
46730.0
40.0
(0.09%)
High-Grade Copper
Oct.18
46750.0
45.0
(0.10%)
Guixi copper
Oct.18
46750.0
40.0
(0.09%)
Low-quality copper
Oct.18
46700.0
45.0
(0.10%)

China Yuan Weakens to 6.1757 against USD Wednesday

Industry News 04:33:22PM Jun 05, 2013 Source:SMM
BEIJING, June 5 -- The Chinese currency Renminbi, or the yuan, lost 22 basis points to 6.1757 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.