Onshore Yuan Snaps Winning Streak as PBOC Lifts FX Reserve Ratio

Onshore Yuan Snaps Winning Streak as PBOC Lifts FX Reserve Ratio

The onshore yuan ended its longest winning streak in three decades after the People’s Bank of China moved to cool its rally by asking banks to hold more foreign currencies in reserve.

The onshore yuan ended its longest winning streak in three decades after the People’s Bank of China moved to cool its rally by asking banks to hold more foreign currencies in reserve.
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Bloomberg — Markets (EN)




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