The sources say that the move seemed aimed at driving a stronger yuan for the day and forcing the onshore USD/CNY rate to close below 6.90. As mentioned earlier:
ADVERTISEMENT - CONTINUE READING BELOW
Preview Mode
Search the website...
Search Forexlive
Search Forexlive
About Forexlive
>
China state-owned banks reportedly seen selling dollars in onshore market
China state-owned banks reportedly seen selling dollars in onshore market
- Reuters reports, citing four sources with knowledge of the trades
ADVERTISEMENT - CONTINUE READING BELOW
Tags
ADVERTISEMENT - CONTINUE READING BELOW
Most Popular
- USD/JPY losing more ground now after the Bank of Japan 'on hold' decision
- Starmer spokesman: We do not comment on market movements
- Japan opposition party chief: BoJ should not raise interest rates for at least half a year
- China loosens rules for foreign investors in equities
- Stock market based model shows a nearly 70% chance of who will win the US election
- NASDAQ index down over -2.0%.
- US October non-farm payrolls +12K vs +113K expected
ADVERTISEMENT - CONTINUE READING BELOW
ADVERTISEMENT - CONTINUE READING BELOW
GMT 00:00:00
LON 00:00:00
NY 00:00:00
TKYO 00:00:00
SYD 00:00:00
Stock Daily Updates
Top Forex Brokers
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}