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

Started by forex4you, Nov 07, 2024, 07:22 am

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forex4you

Nov 07, 2024, 07:22 am
China state banks seen selling USD/CNY - intervention to slow yuan drop

They did the same yesterday.

They won't stop a rampant US dollar, but they'll try to slow it.

USD/CNH update:

Before you harangue me, yes I am aware that the offshore yuan, CNH, is different to the onshore yuan, CNY. Feel free to post a USD/CNY chart in the comments.



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

Source: China state banks seen selling USD/CNY - intervention to slow yuan drop
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