PBOC Moves to Curb Renminbi’s Strength

<p>PBOC announced over the weekend to lower the FX risk reserve ratio for forward foreign exchange sales from 20% to 0, effective October 12. The move is likely a response to the strength in renminbi (a.k.a. RMB, CNY). The central bank pledged to “maintain the flexibility of the RMB exchange rate and stabilize market expectations, [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/action-insight/china-watch/332764-pboc-moves-to-curb-renminbis-strength/">PBOC Moves to Curb Renminbi&#8217;s Strength</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>