The Chinese yuan pulled back against its European counterpart after rising to a 2-day high of 10.0468 during Thursday's early Asian trading. The yuan is now trading at 10.05 against the common currency, with 10.12 seen as the next downside target level. At yesterday's New York session close, the pair was quoted at 10.0612.

The People's Bank of China has set today's central parity rate for the euro-yuan pair at 10.0662.

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