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China’s yuan halts rally after PBOC cuts dollar-buying costs
SHANGHAI: A long rally in China’s yuan was halted on Friday after the authorities made their strongest push back yet on months of gains, holding the currency’s trading band steady and tweaking a polic
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation
China’s central bank has taken fresh steps to manage the rapid appreciation of the yuan, signaling concern over the currency’s recent strength against the U.S. dollar. On Friday, the People’s Bank of
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
China Moves to Tame Yuan Rally by Slashing Shorting Costs
Published on 02/26/2026 at 09:31 pm EST China's central bank has started taking steps to check the yuan's recent advance, dusting off an old playbook that would reduce the cost of
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