China state banks seen selling USD/CNY – intervention to slow yuan drop | Forexlive
They did the same yesterday.
They won’t stop a rampant US dollar, but they’ll try to slow it.
USD/CNH update:
Before you harangue me, yes I am aware that the offshore yuan, CNH, is different to the onshore yuan, CNY. Feel free to post a USD/CNY chart in the comments.
