Loading…
The onshore yuan fell to about 6.68 per dollar, its softest since October 19, after the PBOC set a midpoint near 6.72, much weaker than expected. The central bank raised banks' FX reserve requirement to 6% from 4% to curb a rally of about 5% this year.
A deliberate slowdown in yuan appreciation may cap Chinese demand for dollar-priced imports at the margin, and it could weigh on regional currencies such as the Australian dollar and Korean won. The direct impact on feed commodity prices is small.
investinglive.comNov 4, 2026After 362 past bearish macro events, Chinese Yuan (CNY per USD) moved a median -0.1% over 5 sessions (42% higher; middle half -0.4% to +0.1%), and -0.2% 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.
