NEWS: PBOC raises FX reserve requirement ratio from 5% to 7% May 31, 2021 at 09:51AM

NEWS: PBOC raises FX reserve requirement ratio from 5% to 7% May 31, 2021 at 09:51AM

The yuan falls on the announcement
The yuan has had a bit of a volatile trading day so far with earlier by an ex-PBOC official suggesting that local authorities may intervene – prompting a drop in the currency – before the PBOC itself at its strongest since May 2017.

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The yuan falls on the announcement The yuan has had a bit of a volatile trading day so far with earlier by an ex-PBOC official suggesting that local authorities may intervene – prompting a drop in the currency – before the PBOC itself at its strongest since May 2017.

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The yuan falls on the announcement
The yuan has had a bit of a volatile trading day so far with earlier by an ex-PBOC official suggesting that local authorities may intervene – prompting a drop in the currency – before the PBOC itself at its strongest since May 2017.