Forex
globalreutersApril 2, 20241 Mins read
China’s state-owned banks selling USD/CNY – to support the yuan
globalreutersApril 2, 20241 Mins read Major state owned banks in the market selling USD/CNY.
Offshore yuan moving alongside:
CNY and CNH have both been weakening, this intervention from state-owned banks is aimed at providing some support for the hapless yuan.
This article was written by Eamonn Sheridan at www.forexlive.com.
Recent Posts
Categories
Related Articles
USDCAD breaks below a cluster of technical levels
The USDCAD is moving lower and in the process has broken below...
NASDAQ index now down over 1% on the day. Russell 2000 maintains its gains
There is a shift out of the different major indices today. The...
US leading Index for October -0.4% vs -0.3% estimate
Prior month -0.3% revised from -0.5%Leading index -0.4% vs -0.3% estimate. One...
US existing home sales for October 3.96M versus 3.93M
Prior month 3.84M annualized rate revised to 3.83MExisting home sales percentage change...
Leave a comment