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China state banks have been intervening to buy yuan

China state banks have been intervening to buy yuan

Central Banks
By Eamonn Sheridan
15/08/2023 | 02:15 GMT
  • Seen selling USD/yuan circa 7.28

State banks in China slamming USD/yuan in an intervention response to prop up the local currency.

Bloomberg says the banks have been seen in the market.

usdcnh china intervention 15 August 2023

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