China reportedly surveyed some foreign banks about dollar deposit rates

<p>The questioning is perhaps the more polite way of doing things with the source also saying that they have guided one commercial lender to lower such rates. With the recent softness in the yuan, this has been one measure that local authorities are taking in order to deal with foreign exchange dealings. In case you missed <a href="https://www.forexlive.com/news/china-regulator-reportedly-asks-major-state-owned-banks-to-lower-dollar-deposit-rates-20230606/" target="_blank" rel="follow">this post</a> earlier in the month.</p>

This article was written by Justin Low at www.forexlive.com.