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

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  • #46402
    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

    #46212
    KnovaWave
    Participant

    The US dollar continued its assault on the Yuan after President Xi Jinping tightened his grip on power. However, the dollar pulled back against the bu
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