China state banks seen promoting USD/CNY – intervention to sluggish yuan drop
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They did the identical yesterday.
They will not cease a rampant US greenback, however they’re going to attempt to sluggish it.
USD/CNH replace:
Earlier than you harangue me, sure I’m conscious that the offshore yuan, CNH, is totally different to the onshore yuan, CNY. Be at liberty to put up a USD/CNY chart within the feedback.
This text was written by Aaron Cutchburt at www.ubaidahsan.com.
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