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Further Chinese intervention to prop up the yuan: State banks USD/CNY sellers

Further Chinese intervention to prop up the yuan: State banks USD/CNY sellers
Major Chinese State owned banks selling dollars to buy yuanhad been doing so earlier this week during Asia hours, also during London and US hoursonce again seen active today, 17 August 2023, buying USD/CNY in spot marketEarlier this week:ForexLive Asia-Pacific FX news wrap: China cuts rates, data disappoint, yuan interventionThe intervention didn't make a whole lot difference. The week so far in USD/CNH: This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Aug 17 2023, 02:05
Author Name: forexlive
Views: 092024

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