FX purchases decline on signs of US QE easing
By Wang Xiaotian | 皇冠体育app Daily | Updated: 2013-07-23 07:19
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The amount of yuan used for foreign exchange purchases by financial institutions, an indicator of capital flows, declined to 27.39 trillion yuan last month, the first drop in seven months, the central bank said. Si Wei / for 皇冠体育app Daily |
皇冠体育app reported the first decline of foreign exchange purchases in seven months amid signs the United States will "taper off" its quantitative easing policy.
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