China’s state-owned banks selling USD/CNY – to support the yuan Eamonn Sheridan Forexlive RSS Breaking CentralBanks Feed

Major state owned banks in the market selling USD/CNY.

Offshore yuan moving alongside:

CNY and CNH have both been weakening, this intervention from state-owned banks is aimed at providing some support for the hapless yuan.

This article was written by Eamonn Sheridan at www.forexlive.com.Major state owned banks in the market selling USD/CNY. Offshore yuan moving alongside:CNY and CNH have both been weakening, this intervention from state-owned banks is aimed at providing some support for the hapless yuan.

This article was written by Eamonn Sheridan at www.forexlive.com.  Read MoreCentral Banks 

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