China Central Bank Cuts Dollar Buys Amid Trade Tensions
China’s Central Bank has recently directed state-owned banks to curb US dollar purchases as part of its ongoing efforts to manage yuan depreciation amid the escalating US-China trade tensions. The People’s Bank of China (PBOC) is actually taking active steps right now to stabilize the forex market and prevent any further weakness in the Chinese currency. JUST IN: China Central Bank asks state-owned banks to reduce US dollar purchases. — Watcher.Guru (@WatcherGuru) April 9, 2025 Also Read: Trump Is Not Bothered About The Recent Market Crash: Here’s Why China’s Currency Management Strategy Source: Reuters . PBOC Issues “Window Guidance” to Banks The PBOC has reportedly issued informal “window guidance” to major state-owned banks this week, essentially instructing them to avoid buying dollars for their own accounts. China’s Central Bank also directed these institutions to increase scrutiny when processing client dollar purchase orders, a me...