Citing two sources with knowledge of the matter, Reuters reported on Thursday, the People’s Bank of China (PBOC) urged some of the country's biggest b
Key takeaways
PBOC asks some banks to hold off on immediate Dollar purchases in the interbank market to square foreign exchange positions.Despite China’s central bank’s efforts to stabilize the Yuan, USD/CNY is trading better bid near 7.2710, as of writing.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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