China’s major state-owned banks said to be buying dollars to limit yuan appreciation – report
Summary
By sueyangfx.com October 29, 2020 at 07:02AM Reuters reports on the matter The report says that big state banks in China have been buying dollars in the onshore spot market during late night trading sessions to effectively prevent the yuan […]
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October 29, 2020 at 07:02AM
Reuters reports on the matter
The report says that big state banks in China have been buying dollars in the onshore spot market during late night trading sessions to effectively prevent the yuan from strengthening too fast, citing two traders familiar with the operations.