China's yuan hits 2-week low as investors weigh PBOC foreign exchange reserve hike
SHANGHAI: China’s yuan slid to a more than two-week low against the dollar on Wednesday, pressured by weaker official guidance, while investors continued digesting the central bank’s decision a day earlier to raise foreign currency reserve requirements. The onshore yuan eased to a low of 6.6832 per dollar in morning deals, the weakest level since October 19, before changing hands at 6.6794 as of…
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China to raise FX reserve requirement to slow yuan’s rally (opens The Straits Times in a new tab)
The yuan has gained more than 5% against the US dollar so far in 2026.
China's yuan hits 2-week low as investors weigh PBOC foreign exchange reserve hike (opens Business Recorder in a new tab)
SHANGHAI: China’s yuan slid to a more than two-week low against the dollar on Wednesday, pressured by weaker official guidance, while investors continued digesting the central bank’s decision a day earlier to raise foreign currency reserve requirements. The…
