Chinese Companies Slow FX Sales as Yuan Support Fades

Net sales of foreign exchange by Chinese companies dropped to an eight-month low in July, indicating a weakening of a key factor that has been supporting the yuan.

18 Aug, 03:48 — 18 Aug, 03:48

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bloombergHigh9d ago

Chinese Companies Slow FX Sales in July as Yuan Support Fades

Net sales of foreign exchange by Chinese companies fell to a eight-month low in July, suggesting a key source of support for the yuan is fading.

By Bloomberg News

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Chinese Companies Slow FX Sales as Yuan Support Fades

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Chinese Companies Slow FX Sales in July as Yuan Support Fades

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