China state banks seen buying dollars to slow yuan rally - traders ...Middle East

Devdiscourse - Opinion
China state banks seen buying dollars to slow yuan rally - traders
China's major state-owned banks were seen buying U.S. dollars in the onshore spot market from noon on Tuesday, traders said, in a move viewed as an official effort to prevent the local currency from rising too fast. The onshore spot market opened at 6.4601 per dollar and jumped to 6.4292 in the morning session, its strongest since June 15, 2018.

Hence then, the article about china state banks seen buying dollars to slow yuan rally traders was published today ( ) and is available on Devdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( China state banks seen buying dollars to slow yuan rally - traders )

Apple Storegoogle play

Last updated :

Also on site :