# China's yuan slides to two-week low as PBOC moves to slow its rally

> 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.

- Date: 2026-11-04 · published 2026-11-04T06:08:27.805Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/79192-china-s-yuan-slides-to-two-week-low-as-pboc-moves-to-slow-its-rally
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-03-18 | [China's yuan hits 1-week high, but rally slows as Sino-U.S. meet looms \| Financial Post](https://feedsoft.ai/events/48338-china-s-yuan-hits-1-week-high-but-rally-slows-as-sino-u-s-meet-looms-financial.md) | +0.3% | +0.4% |
| USDCNY | 2026-02-01 | [China's yuan hits 32-month high as PBOC carefully lifts midpoint](https://feedsoft.ai/events/21276-china-s-yuan-hits-32-month-high-as-pboc-carefully-lifts-midpoint.md) | -0.2% | -1.0% |
| USDCNY | 2024-09-25 | [China’s march to strong yuan is long and perilous](https://feedsoft.ai/events/28557-china-s-march-to-strong-yuan-is-long-and-perilous.md) | -0.2% | +1.3% |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2024-01-22 | [Exclusive: China moves to support yuan as stock markets tumble \| Reuters](https://feedsoft.ai/events/32350-exclusive-china-moves-to-support-yuan-as-stock-markets-tumble-reuters.md) | -0.2% | -0.0% |

## Sources

- investinglive.com: https://investinglive.com/forex/china-s-yuan-slides-to-two-week-low-as-pboc-moves-to-slow-its-rally/

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