JPMorgan takes profit on Chinese yuan rally - Reuters

<a href="https://news.google.com/rss/articles/CBMimAFBVV95cUxQeE5rdEdEbTZuQ1hoNUdfa0R6OGltMkxrSkV5MmZhVVFhRnNHRFl6OWJSb2xiUXhzUjh3Y3VYSlVHN0ZMZjFqQlp5SE55OENJbzBDRHM4dHVlTXROYzJ4eTYydmRHMTNlWVk2SXBuVkh0ZFVPMHdSd1lSZTJZaExoVDdUWTJGRmh6NHpNeTcwQ1BwOHYwY1Vrdw?oc=5" target="_blank">JPMorgan takes profit on Chinese yuan rally</a>&nbsp;&nbsp;<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.