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Offshore Yuan Weakens After PBOC Moves to Cool Currency Rally

Bloomberg Markets Tuesday 03 November 2026, 01:06 UTC By Neha D'silva and Qizi Sun 1 min read
Key Points

Currencies Offshore Yuan Weakens After PBOC Moves to Cool Currency Rally The offshore yuan headed for its first decline in almost three weeks after the People’s Bank of China said it will raise the foreign-exchange reserve requirement ratio from Nov. 15. The Chinese currency weakened as much as 0.3% to 6.6664 per dollar in offshore trading.

Currencies Offshore Yuan Weakens After PBOC Moves to Cool Currency Rally The offshore yuan headed for its first decline in almost three weeks after the People’s Bank of China said it will raise the foreign-exchange reserve requirement ratio from Nov. 15. The Chinese currency weakened as much as 0.3% to 6.6664 per dollar in offshore trading. The central bank will increase the ratio by 2 percentage points from the current 4% to 6%, according to a statement.
Offshore Yuan (ORG) the People’s Bank of China (ORG) Chinese (ORG)
Originally published by Bloomberg Markets Read original →

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