June 11, 2024 at 04:24AM
China’s major state-owned banks seen selling dollars for yuan in onshore spot FX.
Reuters report, citing four people with knowledge of the matter.
Earlier:
Onshore yuan (CNY) has dropped to its weakest since mid-November 2023
Giving the bid
This article was written by Eamonn Sheridan at www.forexlive.com.
Yuan intervention – China’s major state-owned banks seen selling USD/CNY