From Quartz.

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The U.S. dollar slipped slightly early Monday after a Bloomberg report said Chinese officials verbally warned domestic banks to limit dollar holdings, a move aimed at curbing currency risk. The guidance targets bank-level USD exposure, not China’s official U.S. dollar assets, according to the report.
Some Chinese banks have begun trimming dollar-denominated bonds, adding pressure to an already weak U.S. dollar. As of September, institutions held about $298 billion in such bonds, and official U.S. Treasury holdings have declined to roughly $683 billion, down from a 2013 peak. Context in the video cites openness to a weaker USD, debate over Federal Reserve independence, and unpredictable trade policies, which have increased currency volatility. #usd #chinabanks #currencyrisk #dollar #globaleconomy

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