离岸人民币对美元短线跳水，失守6.85关口

Core Viewpoint - The People's Bank of China announced a reduction in the foreign exchange risk reserve ratio for forward foreign exchange sales from 20% to 0%, effective March 2, aiming to support enterprises in managing exchange rate risks and promote the development of the foreign exchange market [1] Exchange Rate Summary - As of February 27, the onshore RMB to USD exchange rate was reported at 6.8572, depreciating by 0.17% [1] - The offshore RMB to USD exchange rate was reported at 6.8538, depreciating by 0.14% [1] - Following the announcement from the People's Bank of China, the offshore RMB to USD exchange rate experienced a sharp decline of over 100 basis points, falling below the 6.85 mark, with a peak drop to 6.8607 [1]