Asia Market Movers: USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains

Friday, 27 Feb, 2026 Central Banks USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains Summary: PBOC will cut FX risk reserve ratio to 0% from 20%, effective March 2 Move reverses a September 2022 tightening aimed at curbing yuan losses Lower ratio reduces cost of USD buying via forward Central Banks PBOC sets USD/ CNY reference rate for today at 6.9228 (vs. estimate at 6.8428) The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. PBOC injects 269bn yuan via 7-day reverse repos at 1.4% in open market operations today. - Earlier, PBOC trimmi Learn more Central Banks PBOC cuts FX risk reserve ratio to 0%, slowing yuan appreciation China's central bank will cut the foreign-exchange risk reserve ratio for forward FX sales to 0% from 20%, effective March 2, 2026, aiming to enhance currency market development and support companies' Central Banks PBOC is expected to set the USD/CNY reference rate at 6.8428 – Reuters estimate The People's Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exch News UK consumer confidence falls to three-month low and car production drops 8% UK confidence slips as unemployment rises and car output weakens, clouding the early-year growth outlook. Summary: UK consumer confidence fell to -19 in February, a three-month low Unemployment rose t News More Japan data: January retail sales beat and industrial production miss Data only, I'll have more to come on this, details and analysis, separately. Japan January: Retail Sales +1.8% y/y expected -0.4%, prior -0.9% Industrial Production +2.2% m.m expected 5.3%, prior -0.1 Central Banks Japan inflation ebbing. Tokyo area core CPI slows below 2%, first time since October 2024 This is just the data, I'll have more, details and analysis, to come on this separately. Tokyo February 2026 CPI y/y Headline 1.6% expected 1.4%, prior Excluding fresh food 1.8% expected 1.7%, prior 2 Stocks Netflix shares just jumped circa 13%, just scored a free US$2.8bn payout Netflix has opted not to increase its bid for Warner Bros., stepping away from the deal. Shares of Netflix surged as much as 13% in after-hours trading, while the company will receive a $2.8 billion b Learn more News Block shares jump ~25% after AI-driven layoffs; Job loss floodgates to open wide Block's AI-explicit workforce reset, rewarded with a ~25% after-hours pop. May WILL become the template other CEOs copy next. Block will cut 4,000+ roles, taking headcount from 10k+ to just under 6k (

News Analysis Education Find a Broker Connect with us on your favorite social network This email was sent to << Test Email Address >> Why did I get this? Unsubscribe from this list Update subscription preferences Finance Magnates CY Limited 11 Apostolou Andrea Hyper Tower 3rd floor Mesa Geitonia, Limassol 4007, Cyprus investingLive is not an investment advisor, investingLive provides references and links to selected news, blogs and other sources of economic and market information for informational purposes and as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and investingLive specifically hereby acknowledges clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided on an "as-is" basis as a general market commentary and does not constitute investment or trading advice, and we do not purport to present the entire relevant or available public information with respect to a specific market or security. investingLive expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information, or with respect to any of the content presented within its website, nor its editorial choices.

This email was sent to trungtamthuchanhmt.hanghai18021960@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences investingLive · 11 Apostolou Andrea, Hyper Tower 3rd floor, Mesa Geitonia · Limassol 4007 · Cyprus