Chinese Yuan Slides Against European Currency
September 28 2009 - 7:37PM
RTTF2
The Chinese yuan edged down against the European currency during
early Asian deals on Tuesday. At 12:30 am ET, the yuan touched a
low of 9.9914 against the euro, compared to 9.9782 hit late New
York Monday. The next downside target level for the Chinese
currency is seen around 10.10.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 9.9724.
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