#currency appreciation
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USD/CNY drops to 2½-year low as onshore yuan surges
The onshore yuan hit a 2½-year high as USD/CNY fell below 6.90, with the PBOC signalling greater tolerance for strength. Summary: USD/CNY falls to 6.8954, lowest in 2½ years (since May 2023, so a bi
investinglive.com•February 27, 2026
USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains
Summary: PBOC will cut FX risk reserve ratio to 0% from 20%, effective March 2 Move reverses a September 2022 tightening aimed at curbing yuan losses Lower ratio reduces cost of USD buying via forw
investinglive.com•February 27, 2026