In early trading on Wednesday, the Chinese yuan slid to its lowest level since September 25, 2008 against the euro. The yuan touched 10.0568 versus the euro, with 10.12 seen as the next downside target level. At Wednesday's New York session close, the pair was quoted at 10.0503.

The People's Bank of China has set today's central parity rate for the euro-yuan pair at 10.042.

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