The Chinese Yuan edged down to a 1-year low of 10.1239 against the European currency during Wednesday's early Asian deals. The next downside target level for the Chinese currency is seen around 10.35. The euro-yuan pair that closed Tuesday's deals at 10.1026 is currently trading at 10.11.

The People's Bank of China has set today's central parity rate for the euro-yuan pair at 10.0959.

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