Yuan intervention – China’s major state-owned banks seen selling USD/CNY

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. Source