China state banks buy dollars to curb rapid yuan rally - sources

Reuters2021-05-25

SHANGHAI/BEIJING, May 25 (Reuters) - China's major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four sources with knowledge of the matter said, in a move viewed as an effort to curb fast yuan appreciation to breach the key level.

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Comments

  • Aloysiuss
    2021-05-25
    Aloysiuss
    ? nice 
  • YsL
    2021-05-25
    YsL
    Good!
  • Stevalv
    2021-05-25
    Stevalv
    Cool
    • YsL
      Done
    • Dac19
      Pls click on my comment to reply
  • Mammoth
    2021-05-25
    Mammoth
    Too much QE
  • Ezgainz
    2021-05-25
    Ezgainz
    Cool
    • Dac19
      Pls click on my comment and reply
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