China Dey Hold State Banks Dollar Buy Make Yuan Stand Strong As Trade War Dey Hot Up
China central bank, wey be People’s Bank of China (PBOC), don advice big big banks wey government get to limit how dem dey buy US dollars. Dis one na to help make yuan no dey fall too much, sake of say trade tension dey increase with United States. Dis move na part of bigger plan to fight economic wahala wey tariff war with US dey cause. By controlling how dollars dey comot and by checking dollar buying well well, China wan stop people from dey gamble and wan stop dia money from losing value too much, so dat market go still trust dem. Experts dey warn say if money lose value anyhow, money fit run comot for di country and make financial market scatter. China dey do dis one because dem wan make sure say economy dey stable and dem wan sell more things outside di country, wey be important during dis time wey world economy dey tight.
Bearish
China dey try make yuan strong by blocking state banks from buying dollars. This one na like dem dey defend themselves from the currency losing value and shaking. For the cryptocurrency market, wey dey quick react to how the country economy dey go and how currency dey move, this news fit make market fall. The move to reduce how dollar dey fly out and stop yuan from falling fit reduce speculation and show say people dey fear for how the economy go be with all the trade wahala. As e be before, this kind interventions fit cause doubt, wey fit make traders wey dey active for cryptocurrency market dey fear, especially those wey dey deal with forex-related crypto assets.