Chinese Yuan Climbs Against European Currency
October 12 2009 - 12:38AM
RTTF2
The Chinese yuan edged higher against the European currency
during early Asian deals on Monday. At 9:35 pm ET, the yuan climbed
to 10.0270 against the euro, compared to Friday's closing value of
10.0534. If the Chinese currency gains further, 9.991 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 10.0368.
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