
The yuan slipped on Friday after rising for 10 sessions, its longest run of gains since 2010. The slip followed a PBOC statement that it will remove a 20% risk reserve on foreign-currency forward contracts from March.
The reserve change is a currency-policy signal with limited direct effect on feed commodity prices.
After 31 past bullish policy events, Chinese Yuan (CNY per USD) moved a median -0.2% over 5 sessions (42% higher; middle half -0.4% 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.
The PBOC's removal of the 20% FX forward risk reserve, announced Feb 27 and effective March, ended a 10-session yuan rally and set up a sharp CNY/USD move into the next trading day.