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Bank of China Halts Forex Trade With Europe Banks, Reuters Says

Bank of China Ltd. has stopped trading foreign-exchange forwards and swaps with several European banks on concerns about the region’s debt crisis, Reuters reported, citing three unnamed people.

The banks include Societe Generale SA, Credit Agricole SA and BNP Paribas, after Moody’s Investors Service lowered or put their credit ratings on review for possible downgrades, Reuters reported today.