China’s FX regulator is the State Administration of Foreign Exchange (SAFE).
They’ve published data for year-to-date sales of foreign currency by commercial banks
- 121.3bn net FX sold January – September
SAFE adds:
- yuan exchange is basiclly stable at reasonable and balanced levels
- FX mkt shows relatively strong resilience
This article was written by Eamonn Sheridan at www.forexlive.com.
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