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China state banks sell dollars in onshore FX market - traders
March 9, 2017 / 3:27 AM / 9 months ago

China state banks sell dollars in onshore FX market - traders

SHANGHAI, March 9 (Reuters) - Chinese state-owned banks were seen selling dollars in the onshore foreign-exchange market on Thursday, according to three traders, in what they said appeared to be a bid to support the Chinese currency.

Yuan in the spot market traded at 6.9185 per dollar as of 0317 GMT after hitting a low of 6.9207, the weakest level since mid-January. (Reporting by Winni Zhou and John Ruwitch; Editing by Richard Borsuk)

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