Search investingLive
Home
Central Banks
China's state-owned banks selling USD/CNY - to support the yuan

China's state-owned banks selling USD/CNY - to support the yuan

Central Banks
By Eamonn Sheridan
02/04/2024 | 02:58 GMT
  • Yuan hit a four and a half month low, prompting support from China

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

Offshore yuan moving alongside:

usdcnh china intervention 02 April 2024 2

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

Most Popular

Top Brokers

Sponsored

General Risk Warning
View more

Dow tops 46K, Nasdaq hits record! Traders eye Fed meeting, embracing sticky inflation for rate cut hopes.

Reuters
3m ago

Goldman flags recession risk & fewer Fed cuts as market rally's twin threats. US growth steady, but job market weakness could flip paradigm.

Business Insider
11m ago

Oracle's AI-fueled rally hits $1T club, but analysts warn of bubble burst. Sell some shares now!

Barron's
16m ago

Mexico proposes 50% tariff on Chinese EVs, hitting BYD & Tesla hard. Legacy US automakers spared. Market growth at risk.

Reuters
24m ago

Galaxy Digital buys $536M SOL, CEO calls it 'season of SOL'. Solana's growth potential attracts major investors.

CoinDesk
42m ago

Consumer sentiment dips to May lows on job fears; economists eye stagflation risks.

ABC News
49m ago

MS & DB eye 3 US rate cuts! Inflation easing? Traders brace for market shifts. Watch bond yields!

YahooFinance
1h ago
investingLive Premium
investingLive Premium
Gain Access
Join our Community
Access our Telegram Channel

Top Brokers

Sponsored

General Risk Warning

Must Read

Follow Us

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Advisory warning: investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

Disclaimer: investingLive may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

© 2025 Finance Magnates CY Limited — Part of Ultimate Group

Read our Terms, Cookies and Privacy Notice

Manage Cookies
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}