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OCBC strategists expect USD/CNH to trade sideways as Chinese policymakers seek to slow the yuan’s appreciation. They said a recent increase in the foreign-exchange deposit reserve requirement to 6% has reduced near-term appreciation momentum, while daily PBOC fixings will signal the level of restraint.
A slower pace of yuan appreciation could support USD/CNY and USD/CNH in the near term, although broader dollar weakness may still favor the yuan over time.
markets.capitalNov 5, 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.
