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KM Financial Solutions | UPDATE 1-China state banks seen selling dollars to arrest sharp yuan losses – traders
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UPDATE 1-China state banks seen selling dollars to arrest sharp yuan losses – traders

02 Aug UPDATE 1-China state banks seen selling dollars to arrest sharp yuan losses – traders

Posted at 09:39h in News by
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Major state-owned Chinese banks
were seen selling dollars on Friday afternoon in an apparent
attempt to put a floor under a tumbling yuan, as the worsening
trade dispute between the United States and China drove the
currency to a fresh 14-month low.

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