Chinese Exporters r Holding on to their USD

Chinese Exporters r Holding on to their USD

revealer

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#1

19-01-2024, 10:57 AM

Afraid of losing out. They swap dollars instead of converting dollars to Yuan. The regulators r allowing it.

https://www.reuters.com/markets/currenci...023-08-31/

This swapping in USD has gone into overdrive at the moment

https://www.bloomberg.com/news/articles/...-fx-bypass

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K88 shu shu

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#2

19-01-2024, 11:08 AM

US $ safer.

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