(RTTNews) - In early deals on Thursday, the Chinese yuan advanced to a 3-day high against its European counterpart. The yuan climbed against the US dollar too.
The Chinese yuan ticked up against its US counterpart during Thursday's early Asian trading. At about 11:05 pm ET, the yuan rose to 6.8286 against the US currency, compared to Wednesday's closing value of 6.8350.
People's Bank of China today set the central parity rate for dollar-yuan pair at 6.8360.
From US, the Labor Department is due to release its customary weekly jobless claims report for the week ended January 31st at 8:30 am ET. At 10 am ET, the Commerce Department is due to release its report on factory goods orders for December. Orders for manufactured goods are likely to have decreased 3% in the month.
The Chinese yuan advanced to a 3-day high of 8.7519 against its European counterpart during Thursday's early Asian trading. This may be compared to Wednesday's closing value of 8.7803. The Yuan may likely target the 8.829 level against the European currency, if it rises further.
People's Bank of China today set the central parity rate for euro-yuan pair at 8.7593.
The Italian CPI and German Factory orders are the major economic releases scheduled for the upcoming session from the euro-area.
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