INO: Chinese Yuan Declines To 2-day Low Against European Currency
(RTTNews) - The Chinese yuan lost ground after hitting a high of 9.6107 against the European currency during early Asian deals on Friday. At 11:50 pm ET, the yuan slipped to a 2-day low of 9.6573 against the euro with 9.746 seen as the next target level. The euro-yuan pair closed Thursday's deals at 9.5702.
The People's Bank of China has set today's central parity rate for the euro-yuan pair at 9.6250.
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