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Chinese Yuan recovers as PBoC pledges to prevent over-adjustment
Chinese Yuan made a notable recovery today after PBoC made its intentions clear, vowing to staunchly prevent an “over-adjustment” in the Yuan’s exchange rate and avert systemic financial pitfalls. Amplifying this verbal intervention, several of China’s major state-owned banks have been observed actively selling US Dollars in favor of Yuan in both onshore and offshore […] The post Chinese Yuan recovers as PBoC pledges to prevent over-adjustment appeared first on Action Forex...
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Posted: Aug 17 2023, 12:21
Author Name: actionforex
Views: 022118