China state banks seen swapping yuan for dollars in forwards mkt China’s major state-owned banks were swapping yuan for dollars in the onshore forwards market, four currency dealers said on Friday, in trading operations suggesting that authorities were trying to manage the rapidly falling currency.
10..........9..........8.........7.........6.........5.........4.........
…
10..........9..........8.........7.........6.........5.........4.........
China state banks seen swapping yuan for dollars in forwards mkt China’s major state-owned banks were swapping yuan for dollars in the onshore forwards market, four currency dealers said on Friday, in trading operations suggesting that authorities were trying to manage the rapidly falling currency.