During Monday's early Asian deals, the Chinese yuan climbed to a 4-day high against the European currency as a rise in regional stock prices boosted demand for the currency. The yuan also showed strength against the US dollar.

China's Shanghai Composite index is currently up 7.71 points, or 0.26 percent, to 2,997.41.

The Chinese yuan advanced against its US counterpart during Monday's early trading and hit as high as 6.8290. The yuan may likely find resistance near the 6.827 level, if it rises further. The dollar-yuan pair closed Friday's deals at 6.8295.

Against the European currency, the Chinese yuan traded higher during early Asian deals on Monday. At 9:20 pm ET, the yuan reached a 4-day high of 9.9219 against the euro, compared to 9.9547 hit late New York Friday. The next upside target level for the yuan is seen around 9.856.

The People's Bank of China has set today's central parity rate for the dollar-yuan pair at 6.8280 and the euro-yuan pair at 9.9242.

In the European session today, Euro-zone July industrial production and the second quarter employment reports due for release.

There are no important economic reports scheduled to be released from U.S. today.

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