Macro Finance
Onshore Yuan Snaps Winning Streak as PBOC Lifts FX Reserve Ratio
Bloomberg Markets·November 3, 2026·1 min read
The onshore yuan ended its longest winning streak in three decades after the People's Bank of China raised the foreign exchange reserve requirement ratio for banks, a move to cool the currency's rally. The policy forces banks to hold more foreign currencies, reducing yuan demand and easing appreciation pressure.
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