China has started to sell US treasuries. - Part 3

https://www.reuters.com/article/us-china-markets-yuan-pboc/chinas-central-bank-wont-let-yuan-weaken-past-7-to-the-dollar-sources-idUSKCN1SN0NT

China's central bank has announced that it will defend the RMB at 7.  Technically speaking, the central bank will intervene at the 6.95-6.99 range.  What will the central bank do?

The central bank will continue to sell and stop buying the US treasuries to support the RMB.  The explanation had already been provided in our previous post.

https://sg-stock.blogspot.com/2019/05/china-has-started-to-sell-us-treasuries_17.html