Hamro Global - In early Asian trade, China's main state-owned...

2023-07-25 04:43:49 -

In early Asian trade, China's main state-owned banks sold dollars and bought yuan in both onshore and offshore spot markets.
The dollar sales come after China's top leaders pledged on Monday to step up policy support for the economy amid a tortuous post-COVID-19 recovery, focusing on boosting domestic demand and signalling more stimulus steps. Reuters
https://www.reuters.com/markets/currencies/china-state-banks-seen-selling-us-dollars-prop-up-yuan-sources-2023-07-25/

In early Asian trade, China's main state-owned banks sold dollars and bought yuan in both onshore and offshore spot markets. The dollar sales come after China's top leaders pledged on Monday to step up policy support for the economy amid a tortuous post-COVID-19 recovery, focusing on boosting domestic demand and signalling more stimulus steps. Reuters https://www.reuters.com/markets/currencies/china-state-banks-seen-selling-us-dollars-prop-up-yuan-sources-2023-07-25/

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