Chinese Yuan Slides To 4-day Low Against European Currency
07 Septembre 2009 - 1:01AM
RTTF2
Against the European currency, the Chinese yuan traded down
during early Asian deals on Monday. At 11:50 pm ET, the yuan
touched a 4-day low of 9.7920 against the euro, compared to
Friday's closing value of 9.7701. If the Chinese currency falls
further, 9.856 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 9.7864.
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