The Chinese yuan edged down against the European currency during early deals on Wednesday. At 11:05 pm ET, the yuan touched a low of 9.9889 against the euro, compared to 9.9574 hit late New York Tuesday. The next downside target level for the Chinese currency is seen around 10.10.

The People's Bank of China has set today's central parity rate for the euro-yuan pair at 9.9659.

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