SHANGHAI/BEIJING : China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of the matter said, suggesting authorities' wanted to slow the pace of the yuan's recent slide. Such state bank dollar selling appeared as the o
SHANGHAI/BEIJING : China's major state-owned banks were seen selling dollars in the offshore spot foreign exchange market on Tuesday, four sources with knowledge of the matter said, suggesting authorities' wanted to slow the pace of the yuan's recent slide.
Such state bank dollar selling appeared as the offshore yuan weakened towards the psychologically important 7.25 per dollar level, two of the sources said.
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