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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