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Chinese banks continue to see net forex purchase in May

Updated: Jun 19,2018 4:47 PM     Xinhua

BEIJING — Chinese commercial banks continued to see a net foreign exchange purchase in May, data from the country’s forex regulator showed on June 19.

Chinese lenders bought $172.6 billion worth of foreign currencies and sold $153.2 billion worth last month, resulting in a net purchase of $19.4 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.

In April, the banks recorded a net forex purchase of $10.6 billion.

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