Exclusive-China's state banks seen swapping and selling dollars for yuan -sources


China's major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday.
The yuan has gained 2% in the past week, to stand at levels of around 7.13 to the dollar - its highest in nearly 4 months - and the big state banks have continued to sell…

This story appeared on finance.yahoo.com, 2023-11-21.
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