Chinese Yuan Slumps To New Multi-month Low Against Euro
11 Septembre 2009 - 1:05AM
RTTF2
In early trading on Friday, the Chinese yuan slid to its lowest
level since December 18, 2008 against the euro. The yuan touched
9.9763 versus the euro, with 10.05 seen as the next downside target
level. At Thursday's New York session close, the pair was quoted at
9.9603.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 9.8027.
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