Chinese Currency Falls Against Euro
31 Agosto 2009 - 6:26PM
RTTF2
The Chinese yuan edged down against the European currency during
early deals on Tuesday. At 12:20 am ET, the yuan touched a low of
9.8072 versus the euro, compared to Monday's closing value of
9.7983. The next downside target level for the Chinese currency is
seen around 9.856.
The People's Bank of China has set today's central parity rate
for the euro-yuan pair at 9.7885.
An index measuring manufacturing activity in China ticked higher
to a score of 54.0 in August, the China Federation of Logistics and
Purchasing said today. That was higher than analyst expectations
for a score of 53.5 following the 53.3 reading in July.
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