# Yuan's retreat continues after China's reserve-policy shift

> The offshore yuan weakened after the PBOC announced on 3 November that the foreign-currency deposit reserve ratio will rise from 4% to 6% on 15 November. Onshore the yuan touched a two-week low of 6.6832 and the midpoint was 6.7180.

- Date: 2026-11-04 · published 2026-11-05T09:08:59.517Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/81468-yuan-s-retreat-continues-after-china-s-reserve-policy-shift
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Tighter foreign-currency reserve requirements reduce dollar liquidity and can weaken the yuan, raising the dollar cost of Chinese feed imports. The impact on grain prices is small.

## Read by commodity

- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-09-06 | [China’s yuan rebounds from 2-year low after PBOC cuts FX reserve ratio - Markets - Business Recorder](https://feedsoft.ai/events/12271-china-s-yuan-rebounds-from-2-year-low-after-pboc-cuts-fx-reserve-ratio-markets.md) | +0.4% | +3.1% |
| USDCNY | 2022-09-26 | [China acts to rein in yuan slump, poised to raise FX risk reserve ratio By Reuters](https://feedsoft.ai/events/7212-china-acts-to-rein-in-yuan-slump-poised-to-raise-fx-risk-reserve-ratio-by.md) | -0.2% | +1.9% |
| USDCNY | 2022-04-26 | [China cuts banks’ FX reserve ratio to support yuan - Business & Finance - Business Recorder](https://feedsoft.ai/events/7640-china-cuts-banks-fx-reserve-ratio-to-support-yuan-business-and-finance-business.md) | +0.8% | +1.4% |
| USDCNY | 2017-09-10 | [China's yuan slips, rally pauses after relaxation of FX outflow curbs - The Business Times](https://feedsoft.ai/events/9411-china-s-yuan-slips-rally-pauses-after-relaxation-of-fx-outflow-curbs-the.md) | +1.1% | +2.7% |
| USDCNY | 2022-09-05 | [China c.bank to cut FX reserve ratio to help limit yuan weakness](https://feedsoft.ai/events/12267-china-c-bank-to-cut-fx-reserve-ratio-to-help-limit-yuan-weakness.md) | +0.4% | +3.1% |

## Sources

- fxnews.ai: https://fxnews.ai/news/yuan-november-4-market-window-reserve-policy-fixing/

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