In the wake of the latest sell-off in the Chinese currency, the Yuan, Reuters reports traders, as saying that the Chinese major state-owned banks have reputedly intended to lend support to the local currency. The banks are seen receiving USD-CNY swaps in a bid to stem the Yuan fall. Amid the Yuan tumble, the risk-off sentiment has gripped the Asian markets as the greenback continues to hold the higher ground following Wednesday’s Fed minutes. • China's onshore Yuan hits lowest since March 2008 • USD/CNH technical analysis: Rises 0.22%, confirming falling channel breakout (full story)