Saturday, October 1, 2022

China directing banks to sell $ to buy ¥

Article: Such an increase in the supply of $ would reduce the price of a dollar, the exchange rate. This would help Chinese consumers by making domestic goods, including imports, less expensive; but hurt Chinese firms by making their exports look more expensive to Americans.


  1. Your title has the article reversed. Banks are being directed to sell $ and buy ¥.

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