Berita

China's State Banks Seen Selling Dollars for Yuan in London and New York hours

Jumat, 18 Agustus 2023 | 16:52 WIB
China's State Banks Seen Selling Dollars for Yuan in London and New York hours

ILUSTRASI. U.S. and Chinese flags are seen in front of a U.S. dollar bank note featuring American founding father Benjamin Franklin and a yuan bank note featuring late Chinese chairman Mao Zedong in this illustration picture taken May 20, 2019. REUTERS/Jason Lee/Illustration

Sumber: Reuters | Editor: Syamsul Azhar

KONTAN.CO.ID - SHANGHAI - China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan's depreciation.

Though they also trade on their own behalf or execute clients' orders, state banks often act at the behest of the central bank when the yuan is under pressure, as it is now.

Ini Artikel Spesial

Agar bisa lanjut membaca sampai tuntas artikel ini, pastikan Anda sudah berlangganan atau membeli artikel ini.

Sudah berlangganan? Masuk

Berlangganan

Berlangganan Hanya dengan 20rb/bulan Anda bisa mendapatkan berita serta analisis ekonomi, bisnis, dan investasi pilihan

Rp 20.000

Bayar per artikel

Hanya Rp 5.000 untuk membaca artikel ini

Rp 5.000

Berlangganan dengan Google

Anda dapat menggunakan akun Google sebagai metode pembayaran karena Google akan mengingat metode yang sudah pernah digunakan.

Terbaru
IHSG
7.285,32
0.02%
1,49
LQ45
992,69
0.11%
1,09
USD/IDR
15.635
0,30
EMAS
1.132.000
0,26%
Terpopuler