# USD/CNH: PBOC lifts FX reserve ratio to 6%, yuan weakens

> 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.

- Date: 2026-11-04 · published 2026-11-05T00:08:55.989Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/80669-usd-cnh-pboc-lifts-fx-reserve-ratio-to-6-yuan-weakens
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

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.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-08-25 | [Chinese yuan weakens to 6.6579 against USD Friday - Chinadaily.com.cn](https://feedsoft.ai/events/10858-chinese-yuan-weakens-to-6-6579-against-usd-friday-chinadaily-com-cn.md) | -1.1% | -1.1% |
| USDCNY | 2022-05-11 | [How PBOC might respond to China's weakening yuan](https://feedsoft.ai/events/10987-how-pboc-might-respond-to-china-s-weakening-yuan.md) | +0.0% | -0.8% |
| USDCNY | 2022-04-26 | [PBOC seeks to calm markets with reserve ratio cut - Asia Times](https://feedsoft.ai/events/42068-pboc-seeks-to-calm-markets-with-reserve-ratio-cut-asia-times.md) | +0.8% | +1.4% |
| USDCNY | 2020-04-16 | [Chinese Yuan Weakens As PBoC Pumps More Liquidity Into Economy](https://feedsoft.ai/events/53877-chinese-yuan-weakens-as-pboc-pumps-more-liquidity-into-economy.md) | +0.2% | +0.3% |
| USDCNY | 2020-02-03 | [China's yuan weakens but falling yen points to risk recovery](https://feedsoft.ai/events/5135-china-s-yuan-weakens-but-falling-yen-points-to-risk-recovery.md) | +1.2% | +0.6% |

## Sources

- forextraders.com: https://forextraders.com/forex-news/pboc-raises-fx-reserve-ratio-yuan-weakens/

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