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PBOC asked some Chinese banks to suspend CNH lending – Bloomberg

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - As reported by Bloomberg earlier today, PBOC asked some Chinese banks to suspend CNH lending and requested banks to collect information on CNH short-selling.

    Following the news, the offshore yuan, USD/CNH, collapsed to fresh low of 6.6058 before rebounding to 6.6135 last.
    For more information, read our latest forex news.
     

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