Reply To: Forex Traders Weekly Outlook – Strong US Dollar Heading into Fed’s FOMC

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TradersCom
Keymaster

PBOC intervention – Chinese state banks sold dollars to support yuan late on Tuesday

Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday to prop up the weakening yuan, two sources with direct knowledge of the matter told Reuters.
selling of dollars by state banks in early U.S. trading hours

Reuters