News: China's offshore yuan weakens after reserve requirement ratio cut

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    14/09/23
    20:45
    Post #: 69864395

    LONDON, Sept 14 (Reuters) - China's offshore yuan weakened on Thursday after the People's Bank of China said it would cut banks' reserve requirement ratio by 25 basis points.

    The dollar rose to as high as 7.2921 against the yuan traded offshore right after the announcement, up 0.3% on the day CNH=D3 .

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