Trader chatter: Chinese state banks are selling dollars in the FX market - RTRS

Reuters reports latest chatter doing the rounds that the Chinese state banks are selling dollars in the FX market.

Meanwhile, the PBOC weakened the Yuan to the lowest levels in six-year earlier on the day.

GBP/USD bounces-back to 1.2200, Fed speaks in focus

The GBP/USD pair stalled its retreat and now makes minor-recovery attempts to reclaim 1.22 handle as the USD buying loses steam across the board. GBP
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