China state banks seen selling dollars in FX market to arrest yuan losses - traders

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China state banks seen selling dollars in FX market to arrest yuan losses - traders
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Major state-owned Chinese banks were seen selling dollars at around 6.97 per dol...

 

China selling dollars more to arrest yuan slide, or only some to prop up the rmb, and buying gold with much of the rest?

freegolds But I thought they were buying them for the muh liquidity

'...to arrest yuan losses.' I guess. Sure seems to me a lot of countries are dumping dollars right now. Sovereign stuff, not corporate. Dump the dollar, sanctions don't count. It doesn't take a dummy.

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