The State Administration of Foreign Exchange: In July, the total turnover of China's foreign exchange market amounted to 27.97 trillion yuan.

19:48 23/08/2024

On August 23, the State Administration of Foreign Exchange released statistics showing that in July 2024, the total trading volume in China's foreign exchange market (excluding foreign currency pairs market) reached 27.97 trillion yuan (equivalent to 3.92 trillion US dollars).

On August 23rd, the State Administration of Foreign Exchange released statistics showing that in July 2024, the total turnover of China's foreign exchange market (excluding foreign exchange pairs market) reached 27.97 trillion yuan (equivalent to 3.92 trillion US dollars). Among them, the bank-customer market turnover was 3.68 trillion yuan (equivalent to 0.52 trillion US dollars), and the interbank market turnover was 24.29 trillion yuan (equivalent to 3.41 trillion US dollars); the spot market turnover was 9.35 trillion yuan (equivalent to 1.31 trillion US dollars), and the derivative market turnover was 18.62 trillion yuan (equivalent to 2.61 trillion US dollars). From January to July, the total turnover of China's foreign exchange market reached 163.40 trillion yuan (equivalent to 22.98 trillion US dollars). This article is selected from the official website of the State Administration of Foreign Exchange, GMTEight Editor: Liu Jiayin.

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100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.