Chinese Yuan At 1-year Low Against European Currency
September 22 2009 - 7:05PM
RTTF2
The Chinese Yuan edged down to a 1-year low of 10.1239 against
the European currency during Wednesday's early Asian deals. The
next downside target level for the Chinese currency is seen around
10.35. The euro-yuan pair that closed Tuesday's deals at 10.1026 is
currently trading at 10.11.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 10.0959.
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