PBoC moves to slow yuan rally
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
The central bank (PBoC) is taking measures to slow the yuan’s rapid appreciation. On February 27, the PBoC said it will scrap a 20% risk reserve requirement for forward forex contracts, effective March 2.
The change lowers the cost of betting against the CNY in the derivatives market. Per the PBoC,...