March 16, 2017 / 7:28 AM / 6 months ago

China FX regulator - supply and demand of forex basically balanced in February

BEIJING (Reuters) - Supply and demand of China’s foreign exchange were basically balanced in February, the country’s FX regulator said in a statement on Thursday, adding that cross-border capital flows will become more balanced in the future.

The online statement came after data from the State Administration of Foreign Exchange (SAFE) showed commercial bank net sales of $10.1 billion foreign exchange in February.

Reporting by Beijing Monitoring Desk; Editing by Randy Fabi

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