China's yuan hits 2-week low as investors weigh PBOC foreign exchange reserve hike

SHANGHAI: China’s yuan slid to a more than two-week low against the dollar on Wednesday, pressured by weaker official guidance, while investors continued digesting the central bank’s decision a day earlier to raise foreign currency reserve requirements. The onshore yuan eased to a low of 6.6832 per dollar in morning deals, the weakest level since October 19, before changing hands at 6.6794 as of…