Asia's foreign exchange (FX) market sees a rise, with the Chinese yuan surging amidst intervention reports
Amid a pause in the dollar's rebound, most Asian currencies experienced an increase, and notably, the Chinese yuan surged. Reports of government intervention to support the weakened currency prompted a 0.7% rise in the yuan.
According to a Reuters report, China's largest state-owned banks were observed selling dollars for yuan in the offshore spot market during early trading.
#KVBPRIMEGlobal# #KVBPRIME中文服务# #KVBPRIMEVietnam# #FX# #CNY#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.