04-November-2026
Markets and Finance
 
Chinese yuan set for biggest daily drop in six months after PBOC tightens FX reserves
03-Nov-2026

China's yuan weakened on Tuesday and was on track for its biggest one-day decline against the US dollar in six months after the country's central bank announced a move to tighten foreign exchange liquidity, signalling concerns over the currency's rapid appreciation.

News Source:- https://economictimes.indiatimes.com/markets/us-stocks/news/chinese-yuan-set-for-biggest-daily-drop-in-six-months-after-pboc-tightens-fx-reserves/articleshow/135482249.cms