Offshore Yuan Weakens After PBOC Moves to Cool Currency Rally
The offshore yuan headed for its first decline in almost three weeks after the People’s Bank of China said it will raise the foreign-exchange reserve requirement ratio from Nov. 15.
By Neha D'silva and Qizi Sun · Bloomberg Markets
The offshore yuan headed for its first decline in almost three weeks after the People’s Bank of China said it will raise the foreign-exchange reserve requirement ratio from Nov. 15.