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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Major state-owned Chinese banks were seen selling dollars at around 6.97 per dol...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

South Africa South Africa Latest News, South Africa South Africa Headlines