Sign in
Stories
China's Currency Intervention
Share
China Takes Measures to Control Interest...
China's Currency Management and Global D...
China's Currency Pressured by Control, L...
Overview
API
China's state-owned banks have been actively swapping and selling dollars for yuan in the onshore swap market and spot currency markets, leading to a significant yuan gain. This move has raised concerns about the PBOC's control over the daily yuan fixing and its potential impact on currency pressure. The yuan's strength has alleviated China's concerns, but the PBOC's tight control over the reference rate suggests a potential relaxation in guidance as the yuan strengthens above 7.15.
Ask a question
How might the active swapping and selling of dollars for yuan by China's state-owned banks impact the country's foreign exchange reserves?
How might the yuan's strength and the PBOC's control over the reference rate affect China's monetary easing measures?
What are the potential implications of the PBOC's tight control over the daily yuan fixing for China's currency policy and international trade?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Apr 2023
Jun 2023
Aug 2023
Oct 2023
Coverage
reute