Chinese yuan hits over two-week low against dollar as PBOC signals caution on appreciation
China’s yuan weakened to a more than two-week low against the dollar after the central bank set a weaker daily fixing and raised foreign exchange reserve requirements. The moves signal Beijing’s efforts to moderate the currency’s rapid appreciation.
The Bharath News1 min readSource: ET Markets
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China’s yuan weakened to a more than two-week low against the dollar after the central bank set a weaker daily fixing and raised foreign exchange reserve requirements. The moves signal Beijing’s efforts to moderate the currency’s rapid appreciation.
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