# Chinese Yuan: Modest decline expected against US Dollar – UOB

> The PBoC raised the foreign-currency deposit reserve requirement ratio by 2 percentage points to 6% from 4%, effective 15 November, to slow yuan appreciation. UOB analysts said they hold a cautious medium-term view on the yuan because of widening interest rate differentials and expect a modest recovery in USD/CNY. They will update their forecasts on 6 November.

- Date: 2026-11-03 · published 2026-11-04T00:12:14.005Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/78589-chinese-yuan-modest-decline-expected-against-us-dollar-uob
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A forecast of a weaker yuan implies a firmer dollar against the yuan, which can raise the cost of US-origin feed commodities and ingredients for Chinese buyers over the coming weeks.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-28 | [Chinese yuan: Currency hits record lows against US dollar - BBC News](https://feedsoft.ai/events/7208-chinese-yuan-currency-hits-record-lows-against-us-dollar-bbc-news.md) | -0.9% | -0.1% |
| USDCNY | 2026-06-29 | [Chinese Yuan: China slowdown weighs on CNY against US Dollar – Commerzbank](https://feedsoft.ai/events/19039-chinese-yuan-china-slowdown-weighs-on-cny-against-us-dollar-commerzbank.md) | -0.0% | -0.5% |
| USDCNY | 2018-06-28 | [Chinese yuan hits fresh low against USD Wednesday](https://feedsoft.ai/events/64734-chinese-yuan-hits-fresh-low-against-usd-wednesday.md) | +0.5% | +2.8% |
| USDCNY | 2018-07-20 | [China’s yuan falls against dollar, helping exporters \| The Seattle Times](https://feedsoft.ai/events/64270-china-s-yuan-falls-against-dollar-helping-exporters-the-seattle-times.md) | +0.2% | +1.6% |
| USDCNY | 2022-09-29 | [CNY/USD: Why China’s Yuan Hit Record Lows Against the Dollar - Bloomberg](https://feedsoft.ai/events/7207-cny-usd-why-china-s-yuan-hit-record-lows-against-the-dollar-bloomberg.md) | -1.2% | +0.3% |

## Sources

- en.octabroker.com: https://en.octabroker.com/markets/news/view/1281826/
- fxstreet.com: https://www.fxstreet.com/news/chinese-yuan-modest-decline-expected-against-us-dollar-uob-202611032212

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.