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Commerzbank says the PBoC raised the FX reserve requirement ratio by 2 percentage points to 6%, effective 15 November, to slow yuan gains after a 13-session winning streak. USD/CNY and USD/CNH both bounced to 6.67 on the announcement.
The counter-cyclical move reduces the yuan's strength that had supported Chinese import purchasing power for feed commodities. Analysts see it as slowing appreciation rather than reversing it, so the price effect on feed markets is limited.
fxstreet.comFXStreet Insights TeamNov 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.
