© Reuters. The People’s Bank of China (PBOC) plans to issue a larger batch of bills in an effort to stabilize the weakening yuan, according to state media Financial News on Thursday. This move follows the central bank’s announcement of ramping up bill sales in Hong Kong next week. The PBOC intends to sell CNY
© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo SHANGHAI (Reuters) -China’s major state-owned banks were seen actively mopping up the on Monday, three people with knowledge of the matter said, as the currency comes under growing pressure from a darkening
AUD/USD daily chart The pair is now up 0.1% to 0.6430 and well off the earlier lows of 0.6365 today. It comes alongside a bounce in the Chinese yuan, after this particular headline here. The offshore yuan has strengthened from 7.34 to 7.30 against the dollar and that is helping with sentiment in the aussie.
