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.
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Your title has the article reversed. Banks are being directed to sell $ and buy ¥.
ReplyDeletethanks, fixed it.
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