Is this a SAFE line?
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
It appears Beijing is getting nervous about the yuan’s decline.
Citing unnamed sources, Reuters reported that on Wednesday China’s foreign exchange regulator (SAFE) phoned several banks to warn them against aggressively selling RMB.
One banking source said:
“Buying too heavily in the dollar ended u...