PPP KINGDOM

PPP KINGDOM

BANK OF CHINA STOPS FX SWAPS TRADING WITH SOME BIG EUROPEAN BANKS

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Bank of China, a big market-maker in China’s onshore foreign exchange market, has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, three sources with direct knowledge of the matter told Reuters on Tuesday.

Currency

http://www.businessinsider.com/bank-of-china-stops-trading-with-europe-banks-2011-9

Best Regards,

FINANCIAL WARRIOR

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