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China's commercial banks sold $54.4bln in Jan forex market vs $89.4bln prev

Discussion in 'Market News' started by ForexLive, Feb 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    China's fx regulator out with the info on net fx sales That'll be commercial banks on behalf of the PBOC in a bid to stave off further yuan devaluation. In Jan the central bank reported a third straight month of falling fx reserves in their bid to maintain some level of stability.

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