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China's financial markets are experiencing significant movements with the yuan strengthening to 15-month highs, the most since June. This rally is partly driven by China's consideration to allow refinancing on nearly $5.4 trillion in mortgages. In response to the rapid appreciation of the yuan, major state-owned banks have been buying dollars in the onshore foreign exchange market on Friday to slow down its rise.
ECB hurry may owe much to deepening EU-China trade https://t.co/IWjEApUp8A https://t.co/0mjJzXaK5E
#China state banks buying dollars amid rapid yuan gains, sources say
🔵 THYSSENKRUPP WORKS COUNCIL SAYS STEEL LEADERSHIP CRISIS PUTS SALE AT RISK Thyssenkrupp's planned sale of its steel business is at risk over uncertainy following a leadership crisis at the unit, the German conglomerate's works council head said on Friday. "Uncertainty among… https://t.co/xTrzMFGxBj
