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China state banks buy dollars to curb rapid yuan rally - sources

SHANGHAI/BEIJING, May 25 (Reuters) - China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four sources with knowledge of the matter said, in a move viewed as an effort to curb fast yuan appreciation to breach the key level. (Reporting by Winni Zhou, Jindong Zhang, Xiao Han, Rong Ma and Andrew Galbraith; Editing by Andrew Heavens)

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