China Tells State Banks to Prepare for a Massive Dollar Dump and Yuan Buying Spree
The People's Bank of China has told major state-run banks to prepare to shed dollar holdings while snapping up offshore yuan, which has continued to fall despite prior interventions, sources told Reuters.
The scale of this latest effort to prop up the yuan will be big and could provide a floor to the Chinese currency, according to the report.
The amount of dollars to be sold hasn't been decided yet, but Reuters said it will primarily involve the state banks' currency reserves. Their offshore branches, including those based in Hong Kong, New York and London, were ordered to review offshore yuan holdings and check to see that dollar reserves are ready....
Source: Markets Insider (https://markets.businessin... Caixin Global
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North America Environmental Monitoring Market Growth, Application, Technology, Diagnosis, Strategic Analysis, Future Scenarios and Forecast by 2028
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Price Trends of Ethylene Glycol in its Latest Insights and Dashboard
Product Name - Ethylene Glycol
HS Code - 29053100
Molecular Weight - 62.07 g/mol
Chemical Formula - (CH2OH)2
Synonyms - 107-21-1, 1,2-ethanediol, Ethylene alcohol, Hypodicarbonous acid, Monoethylene glycol
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Swe
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