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PBOC said to be intervening to temper yuan decline

ByMike Paterson

Aug 12, 2015

Livesquawk reporting
– PBOC reportedly intervening to control yuan decline in onshore market around 6.43
News confirmed by Chinese fx traders who say state-owned banks were selling USD on behalf of the PBOC

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  4. U.s. April Factory Orders Ex-Defense unchanged Vs March +1.4 Pct

By Mike Paterson

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