# Chinese Yuan: PBoC cools appreciation trend – Commerzbank

> 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.

- Date: 2026-11-04 · published 2026-11-05T00:08:55.577Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/80667-chinese-yuan-pboc-cools-appreciation-trend-commerzbank
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2026-06-29 | [Chinese Yuan: China slowdown weighs on CNY against US Dollar – Commerzbank](https://feedsoft.ai/events/19039-chinese-yuan-china-slowdown-weighs-on-cny-against-us-dollar-commerzbank.md) | -0.0% | -0.5% |
| USDCNY | 2021-08-10 | [USD/CNY to recapture the 6.50 level as yuan changes its appreciation trend – ING — Octa](https://feedsoft.ai/events/45787-usd-cny-to-recapture-the-6-50-level-as-yuan-changes-its-appreciation-trend-ing.md) | -0.2% | -0.3% |
| USDCNY | 2023-02-27 | [Chinese yuan approaches 7 level as PBOC slashes midpoint rate By Investing.com](https://feedsoft.ai/events/37549-chinese-yuan-approaches-7-level-as-pboc-slashes-midpoint-rate-by-investing-com.md) | -0.7% | -1.3% |
| USDCNY | 2020-07-30 | [Chinese Yuan Slips As PBoC Injects Liquidity Into Banking System](https://feedsoft.ai/events/52326-chinese-yuan-slips-as-pboc-injects-liquidity-into-banking-system.md) | -0.9% | -1.7% |
| USDCNY | 2020-11-13 | [Chinese yuan after Biden election win, Trump's trade war](https://feedsoft.ai/events/50360-chinese-yuan-after-biden-election-win-trump-s-trade-war.md) | -0.4% | -1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/chinese-yuan-pboc-cools-appreciation-trend-commerzbank-202611041910

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