JPMorgan takes profit on Chinese yuan rally - Reuters
JPMorgan takes profit on Chinese yuan rally Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Key People
No people linked to this story
Locations
All Coverage
<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxQeE5rdEdEbTZuQ1hoNUdfa0R6OGltMkxrSkV5MmZhVVFhRnNHRFl6OWJSb2xiUXhzUjh3Y3VYSlVHN0ZMZjFqQlp5SE55OENJbzBDRHM4dHVlTXROYzJ4eTYydmRHMTNlWVk2SXBuVkh0ZFVPMHdSd1lSZTJZaExoVDdUWTJGRmh6NHpNeTcwQ1BwOHYwY1Vrdw?oc=5" target="_blank">JPMorgan takes profit on Chinese yuan rally</a> <font color="#6f6f6f">Reuters</font>
JPMorgan's analysts closed their long offshore Chinese yuan position after China's central bank reduced the cost of buying dollar forwards to curb the yuan's recent rally.
JPMorgan's analysts closed their long offshore Chinese yuan position after China's central bank reduced the cost of buying dollar forwards to curb the yuan's recent rally.
JPMorgan Chase & Co. closed its long position on the offshore Chinese yuan after Beijing moved to cool the currency’s sharp rally by cutting the risk reserve requirement on foreign exchange forward purchases to zero from 20%, effective March 2.
Similar Stories
Related coverage based on topic and tags
Sterling dips, currency markets look to the U.S. for cues - Reuters
Sterling dips, currency markets look to the U.S. for cues Reuters
August 26, 2026 at 10:58 AMWall St banks turn on each other as capital fight nears endgame - Reuters
Wall St banks turn on each other as capital fight nears endgame Reuters
August 27, 2026 at 10:32 AMDollar falls as investors weigh US Treasury's rescue efforts - Reuters
Dollar falls as investors weigh US Treasury's rescue efforts Reuters
August 21, 2026 at 01:36 AMAsian stocks gain before Nvidia, oil slips on Hormuz hopes - Reuters
Asian stocks gain before Nvidia, oil slips on Hormuz hopes Reuters
August 26, 2026 at 02:17 AMDollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks - Reuters
Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks Reuters
August 25, 2026 at 01:31 AMIndian shares extend cautious trade on concerns over Iran sanctions - Reuters
Indian shares extend cautious trade on concerns over Iran sanctions Reuters
August 24, 2026 at 02:22 AM