# Offshore yuan remains under pressure

> The offshore yuan fell to about 6.68 per dollar, a two-week low, as the PBoC raised the FX deposit reserve ratio from 4% to 6%. The central bank set the daily midpoint at 6.7180, its weakest since October 23, and China's October composite PMI slipped to a three-month low of 52.0.

- Date: 2026-11-04 · published 2026-11-05T00:08:55.715Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/80668-offshore-yuan-remains-under-pressure
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan and softer Chinese PMI data point to cooling import demand and a less supportive currency backdrop for buyers of US and Brazilian feed commodities. The effect on feed prices is modest.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-01-14 | [China Faces Harsh Dilemma as Yuan Comes Under Pressure - WSJ](https://feedsoft.ai/events/12209-china-faces-harsh-dilemma-as-yuan-comes-under-pressure-wsj.md) | -0.8% | -0.3% |
| USDCNY | 2021-03-30 | [US economy strength keeps pressure on yuan](https://feedsoft.ai/events/48335-us-economy-strength-keeps-pressure-on-yuan.md) | -0.1% | -1.3% |
| USDCNY | 2026-06-30 | [Offshore Yuan Heads for Monthly Loss](https://feedsoft.ai/events/19037-offshore-yuan-heads-for-monthly-loss.md) | -0.0% | -0.3% |
| USDCNY | 2022-01-05 | [PBOC-backed newspaper warns of yuan depreciation pressure in 2022 \| Reuters](https://feedsoft.ai/events/43357-pboc-backed-newspaper-warns-of-yuan-depreciation-pressure-in-2022-reuters.md) | +0.0% | -0.2% |
| USDCNY | 2024-06-21 | [Cash is leaving China again, pressuring yuan](https://feedsoft.ai/events/30004-cash-is-leaving-china-again-pressuring-yuan.md) | +0.1% | +0.1% |

## Sources

- zh.tradingeconomics.com: https://zh.tradingeconomics.com/china/currency/news/597939

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