Chinese Yuan Climbs Against European Currency
October 12 2009 - 11:41PM
RTTF2
The Chinese yuan showed strength against the European currency
during early Asian deals on Tuesday. At 9:35 pm ET, the yuan
climbed to 10.0766 against the euro, compared to Monday's closing
value of 10.0871. If the Chinese currency gains further, 9.99 is
seen as the next target level.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 10.0941.
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