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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