China’s yuan has fallen to a 15-month on Friday. Photo: Reuters
China’s yuan has fallen to a 15-month on Friday. Photo: Reuters
Yuan

PBOC takes aim at yuan shorts, raises forex reserve requirement to 20 per cent after currency tumbles to 15-month low

PBOC boosts the reserve requirement on foreign currency forwards to 20 pc from zero, spurring offshore yuan 1 pc higher from its intraday low

China’s yuan has fallen to a 15-month on Friday. Photo: Reuters
China’s yuan has fallen to a 15-month on Friday. Photo: Reuters
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