China state banks seen selling USD/CNY - intervention to slow yuan dropMajor 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.
Source: China state banks seen selling USD/CNY - intervention to slow yuan drop (https://www.forexlive.com/centralbank/china-state-banks-seen-selling-usdcny-intervention-to-slow-yuan-drop-20241106/)
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