Major China state-owned banks selling USD/CNY in morning trade - RTRS

Reuters reports of PBOC intervention chatter, citing that the Chinese state-owned banks were seen selling US dollars at the 6.80 Yuan per dollar level in the onshore market, which is believed to be an effort to support the Yuan.

Reuters quoted two unnamed sources, citing that a trader at a Chinese bank in Shanghai noted: "Major state-owned banks were selling dollars in morning trade".