Chinese Yuan Shows Strength Against Euro
October 08 2009 - 11:55PM
RTTF2
In early trading on Friday, the Chinese yuan showed strength
against the euro. The yuan reached 10.0464, with 10.00 seen as the
next upside target level. At Thursday's New York session close, the
euro-yuan pair was quoted at 10.0986.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 10.0807.
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