Citing two sources with direct knowledge of the matter, Reuters reported that the People’s Bank of China (PBOC) called on some domestic banks to reduc
The sources said that the PBOC guidance appears aimed at outflows and limiting Yuan offshore supply.
One of the sources said, "restricting Yuan from flowing to offshore market could tighten offshore yuanAt the time of writing, USD/CNY is trading 0.06% higher on the day at 7.2819.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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