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Reuters reveals exclusively that China’s foreign exchange regulator surveys banks on positioning against the yuan’s fall June 2023

China's foreign exchange
China’s foreign exchange

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.



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