The Chinese Yuan gained ground after hitting a 9-month low of 9.9996 against the European currency during early Asian deals on Tuesday. At 10:50 pm ET, the yuan reached a high of 9.9791 against the euro, compared to 9.9884 hit late New York Monday. The next upside 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 9.9964.

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