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China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low

China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

China Asks Banks to Curb Dollar Purchases as Yuan Hits Multi-Year Low
China seeks to maintain the stability of the yuan in the face of the current tariff war, informally asking state banks to stop their dollar purchases. According to Reuters, these institutions would also ramp up controls on customers’ dollar purchases to stop speculation. China Reportedly Issuing Dollar Purchase Guidance to Control Yuan Value Drop China […]

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