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View Full Version : Yuan Declines After PBOC Weakens Fixing, Lowers Reserve Ratios - Bloomberg



NewsWhore
05-13-2012, 11:00 PM
Yuan Declines After PBOC Weakens Fixing, Lowers Reserve Ratios (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEoOAnMPPg6jOHTVnCUnEVra1HCWw&url=http://www.bloomberg.com/news/2012-05-14/yuan-declines-after-pboc-weakens-fixing-lowers-reserve-ratios.html)
Bloomberg
The yuan declined after the central bank set the weakest reference rate for the currency in more than three weeks and cut banks' reserve requirements for the third time since November. The People's Bank of China lowered the reference rate by 0.14 ...

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