Chinese Yuan Falls Against European Currency
September 29 2009 - 7:34PM
RTTF2
The Chinese yuan edged down against the European currency during
early deals on Wednesday. At 11:05 pm ET, the yuan touched a low of
9.9889 against the euro, compared to 9.9574 hit late New York
Tuesday. 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 9.9659.
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