Home Sources: China state banks said to be mopping up dollars via swaps in CNY forward markets – Reuters

Sources: China state banks said to be mopping up dollars via swaps in CNY forward markets – Reuters

Published date: 7 Aug. 2019 | 03:42

Reuters quotes sources on Wednesday, as saying that the Chinese state banks are said to be mopping up dollars via swaps in the onshore Yuan forward markets.

Meanwhile, the USD/CNY pair is back on the bids near 7.0317 after the PBOC set the Yuan reference rate weaker at 6.9996 vs. 6.9683 previous.

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