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The PBoC raised the FX deposit reserve requirement ratio to 6% from 4%, effective 15 November, and set a yuan fixing weaker than expected. The onshore yuan fell to its weakest since October 23, with the move estimated to withdraw about $24 billion.
A weaker yuan raises the dollar cost of Chinese imports of feed commodities and may slow buying after a period of strength. The effect on prices is modest, though the policy signals Beijing's intent to cap appreciation.
forextraders.comForextradersNov 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.
