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The PBOC will raise the foreign-currency deposit reserve ratio for financial institutions by 2 percentage points, from 4% to 6%, effective November 15. The yuan spot opened 202 pips weaker at 6.6660 after the announcement, with the dollar briefly jumping about 200 pips offshore.
Tighter FX liquidity can curb yuan appreciation and affect the local-currency cost of dollar-priced grain and meal imports.
etnet.com.hkNov 15, 2026After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
