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The yuan rebounded on Sept. 6 from a more than two-year low after the PBOC cut the FX reserve requirement and set firmer-than-expected midpoint fixes.
The onshore yuan had lost over 2% against the dollar in August amid dollar strength and a slowing economy.
Official efforts to slow yuan depreciation support Chinese import purchasing power, but analysts expect the currency to test 7 per dollar, which keeps dollar-priced feed imports relatively expensive.
brecorder.comReuters2022年9月6日在过去 50 次看跌的政策事件之后，人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 -0.1%（46% 上涨；中间一半区间为 -0.4% 至 +0.4%），20 个交易日内为 -0.0%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Directly describes the Sept. 6 yuan move: a rebound from the two-year low after the PBOC cut the FX reserve ratio and set firmer-than-expected fixes, which reversed the CNY per USD level.
