Further Chinese intervention to prop up the yuan: State banks USD/CNY sellers

Major Chinese State owned banks selling dollars to buy yuan

• had been doing so earlier this week during Asia hours, also during London and US hours
• once again seen active today, 17 August 2023, buying USD/CNY in spot market

Earlier this week:

• ForexLive Asia-Pacific FX news wrap: China cuts rates, data disappoint, yuan intervention

The intervention didn't make a whole lot difference. The week so far in USD/CNH: