Chinese Yuan Shows Strength Against Euro
September 17 2009 - 6:23PM
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Against the European currency, the Chinese yuan showed strength
during Friday's early Asian deals. At 10:05 pm ET, the yuan reached
a high of 10.0375 against the euro. The next upside target level
for the Chinese currency is seen around 9.856. The euro-yuan pair
closed Thursday's deals at 10.0632.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 10.0584.
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