The People’s Bank of China announced today that it will lower the foreign exchange risk reserve requirement for financial institutions purchasing foreign exchange via forwards to zero from 20%, effective March 2. The move reverses a September 2022 tightening measure that had been introduced to curb rapid Yuan depreciation and stem capital outflows. At the […]The post PBOC cuts FX risk reserve to temper Yuan strength, but downtrend in USD/CNH intact appeared first on ActionForex.