China state banks seen selling USD/CNY – intervention to slow yuan drop

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Estimated read time 1 min read
November 6, 2024
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China state banks seen selling USD/CNY – intervention to slow yuan drop

Major Chinese state banks selling USD/CNY trying to contain the yuan losses.

Good luck with that. The USD is being driven by election results.

This article was written by Eamonn Sheridan at www.forexlive.com.

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