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KM Financial Solutions | China state banks seen selling dollars in FX markets as yuan slides- traders
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China state banks seen selling dollars in FX markets as yuan slides- traders

02 Aug China state banks seen selling dollars in FX markets as yuan slides- traders

Posted at 08:45h in News by
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Major state-owned Chinese banks
were seen selling dollars at around 6.9 per dollar in the
onshore foreign exchange market on Friday afternoon, three
traders said, in an apparent attempt to prevent the Chinese
currency from sinking too fast.

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