# Chinese yuan hits over two-week low against dollar as PBOC signals caution on appreciation

> The onshore yuan weakened to 6.6832 per dollar, its weakest since October 19, after the central bank set a weaker-than-expected daily fixing. The move followed the PBOC's decision to raise the foreign exchange reserve requirement ratio from 4% to 6%.

- Date: 2026-11-04 · published 2026-11-04T06:08:27.732Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/79191-chinese-yuan-hits-over-two-week-low-against-dollar-as-pboc-signals-caution-on
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Beijing is slowing yuan appreciation, which tends to reduce the purchasing power of Chinese importers of US farm goods and feed ingredients at the margin. The effect on grain and feed prices is limited, so the move matters mainly for currency-linked trade flows.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-02-23 | [Chinese yuan against the dollar: China currency appreciation](https://feedsoft.ai/events/66714-chinese-yuan-against-the-dollar-china-currency-appreciation.md) | +0.1% | -0.3% |
| USDCNY | 2024-09-25 | [Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus](https://feedsoft.ai/events/28553-chinese-yuan-hits-strongest-level-against-dollar-in-over-16-months-as-investors.md) | -0.2% | +1.3% |
| USDCNY | 2023-11-22 | [Offshore Chinese Yuan Gains Over 1,600 Pips Against US Dollar in Past Week](https://feedsoft.ai/events/33394-offshore-chinese-yuan-gains-over-1-600-pips-against-us-dollar-in-past-week.md) | -0.1% | +0.0% |
| USDCNY | 2018-11-16 | [Is a Chinese yuan appreciation on the way? - CGTN](https://feedsoft.ai/events/62267-is-a-chinese-yuan-appreciation-on-the-way-cgtn.md) | +0.1% | -0.6% |
| USDCNY | 2021-05-27 | [Yuan’s Blockbuster Week Draws PBOC Attention, Appreciation Bets - Bloomberg](https://feedsoft.ai/events/47316-yuan-s-blockbuster-week-draws-pboc-attention-appreciation-bets-bloomberg.md) | +0.2% | +1.2% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/us-stocks/news/chinese-yuan-hits-over-two-week-low-against-dollar-as-pboc-signals-caution-on-appreciation/articleshow/135523461.cms

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