Chinese commercial banks report US$19.3b forex sales

Business | 18 Jul 2019 11:23 am

Chinese commercial banks reported net foreign exchange sales last month, following a settlement surplus in May, data from the forex regulator showed today, Xinhua reports.

Chinese lenders bought US$142.3 billion worth of foreign currencies while selling US$161.6 billion worth last month, resulting in net sales of US$19.3 billion, the State Administration of Foreign Exchange said in a statement.

In the first half of the year, the banks recorded total net forex sales of US$33.2 billion, the data showed.

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