
China’s central bank raised the foreign-exchange reserve-requirement ratio from 4% to 6%, effective November 15, to curb the yuan’s rapid appreciation. The change is expected to lock up about $24 billion in foreign currency; the article links the currency pressure to China’s large trade surplus.
The measure aims to slow yuan appreciation, which could help preserve the competitiveness of Chinese exports and affect import purchasing power. It does not identify a direct change in feed-commodity supply or demand.
After 991 past macro events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (49% higher; middle half -0.3% to +0.3%), and -0.1% 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.