The PBoC is raising the foreign-currency reserve requirement ratio to 6% on 15 November, a move UOB analysts expect will lead to a modest depreciation of the Chinese Yuan against the US Dollar.
The PBoC will raise the foreign-currency reserve requirement ratio to 6% effective 15 November to slow Chinese Yuan appreciation. UOB’s Ho Woei Chen and Peter Chia expect this to produce a modest decline in the CNY against the US Dollar, so the policy signal points to a weaker Yuan.
It will raise the foreign-currency reserve requirement ratio to 6%, effective 15 November, to slow Chinese Yuan appreciation.
UOB’s Ho Woei Chen and Peter Chia expect a modest decline in the Chinese Yuan against the US Dollar.
The PBoC’s increase in the foreign-currency reserve requirement ratio to 6%, effective 15 November, is aimed at slowing Yuan appreciation. UOB expects a modest Chinese Yuan decline against the US Dollar, which would push the USD/CNY pair higher.
The PBoC’s reserve requirement increase is intended to slow Yuan appreciation, and UOB expects a modest CNY decline against the USD, which would lift USD/CNY.
The article says the increase is effective 15 November.
The People’s Bank of China will increase the foreign-currency reserve requirement ratio to 6% starting 15 November. Analysts at UOB expect this policy shift to trigger a modest decline in the Chinese Yuan against the US Dollar as regulators move to slow recent currency appreciation.
The PBoC is raising the foreign-currency reserve requirement ratio to 6% to slow the pace of Chinese Yuan appreciation.
UOB analysts Ho Woei Chen and Peter Chia anticipate a modest decline in the Chinese Yuan against the US Dollar.