Reuters exclusively reported China’s foreign exchange regulator sent a survey to some banks asking them about their position in the foreign exchange market. The survey comes at a time when China’s yuan is hitting its weakest levels since the 2008 global financial crisis, and its offshore drive is hitting record lows, succumbing to the broad strength of the US dollar.
Reuters reveals exclusively that China’s foreign exchange regulator surveys banks on positioning against the yuan’s fall June 2023
More from ForexMore posts in Forex »
- Top Currency Pairs for Forex Trading: A Comprehensive Guide 2023
- Forex Trading Tips: July 17th – July 31st, 2023 | Expert Strategies & Insights, A Comprehensive Guide
- Indonesia’s currency defenses begin to crumble against the unrelenting dollar : Reuters reveals thatIndonesia’s currency defenses begin to crumble against the unrelenting dollar : Reuters reveals that
- Will they or won’t they? Japan uses a guessing game to prop up the yen
- Reuters reveals that Banco de México is nearing the end of the rate hike cycle, foresees an economic cost, says a member of the board
Be First to Comment