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The PBOC's increase in the foreign-currency deposit reserve ratio from 4% to 6% took effect on November 15, 2026. The central bank said the move helps balance FX supply and demand and breaks self-fulfilling expectations of yuan appreciation.
Tighter FX liquidity can curb yuan appreciation and affect the local-currency cost of dollar-priced grain and meal imports.
chinanews.com.cnNov 15, 2026
ce.cnNov 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.
