Foreign - exchange Risk Management
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Yuan Snaps Rising Streak After China Cuts Cost to Short Currency
Yahoo Finance· 2026-02-27 03:41
The yuan ended its longest winning streak since 2010 as China moved to rein in the currency’s rise by scrapping an extra fee for betting against it in the derivatives market. China’s yuan slipped on Friday after rising in the last 10 sessions, its longest run of gains since September 2010. That’s after the People’s Bank of China said in a statement it will remove the reserve requirement of 20% on foreign-currency forward contracts from March 2. Most Read from Bloomberg The change lowers the cost for ma ...