Reuters exclusively reported that China’s currency regulators have asked commercial banks to delay or reduce their dollar purchases as authorities try to contain yuan weakness. The scoop is the latest report on central bank measures in currency markets and prompted an immediate response from authorities, with China’s State Administration of Foreign Exchange (SAFE) issuing a comprehensive statement exclusively to Reuters.
The post China asks some banks to reduce or delay dollar buying to ease pressure on yuan appeared first on Reuters News Agency.
Source: Reuters News Agency
Leave a Reply