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China's state-owned banks selling USD/CNY - to support the Yuan
Major state owned banks in the market selling USD/CNY. Offshore yuan moving alongside: chart CNY and CNH have both been weakening, this intervention from state-owned banks is aimed at providing some support for the hapless yuan.
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- Posted: Apr 1, 2024 11:01pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,184