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The onshore yuan weakened by 5 points to 6.677 per dollar, its weakest level since October 21. The move followed the People's Bank of China's decision to raise the FX reserve requirement ratio.
A weaker yuan makes Chinese purchases of US feed commodities such as soybeans and corn relatively more expensive, which can dampen import demand and weigh on US export prices. Recent yuan strength had supported buying, so the reversal modestly lowers demand support.
squawknews.comSquawkNews DeskNov 4, 2026After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% 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.
