
The PBOC will cut its FX risk reserve ratio for forward FX sales to 0% from 20%, effective March 2, reversing a September 2022 tightening. USD/CNH jumped 0.3% to 6.8599 after the announcement, as the move was seen as a step to slow recent yuan strength.
Lowering the cost of buying dollars via forwards is intended to temper yuan appreciation, which could make Chinese import purchases of US commodities marginally more expensive in yuan terms over time, though the price impact is limited.
Na 31 eerdere opwaarts beleid-gebeurtenissen bewoog Chinese yuan (CNY per USD) zich mediaan -0,2% over 5 sessies (42% hoger; middelste helft -0,4% tot +0,3%), en -0,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.