Yuan weakens on fears of Beijing lockdown People’s Bank of China cuts foreign currency reserve ratio


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[이데일리 이윤화 기자] The People’s Bank of China cut the foreign currency reserve ratio by 1 percentage point to 8% from the original 9% as the yuan rose to the intraday 6.60 yuan per dollar level as the Corona 19 spread again in China, the highest level since November 2020. |photo = AFP| According to Marketpoint on the 25th, the yuan exchange rate (CNH) against the dollar in the offshore market exceeded 6.60 yuan during the day, the highest level since November 2020, at the beginning of the pandemic. After that, at 10:15 pm on the same day, it traded...