Offshore Yuan Weakens on PBOC’s Move to Raise FX Reserve Ratio
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.
<p>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.</p>