# PBOC reportedly moves to curb yuan gains, banks raise dollar deposit rates

> At least six Chinese banks reportedly raised US-dollar deposit rates, with some rates reaching 4.5%, as authorities sought to curb yuan appreciation. The measures are intended to encourage firms and households to retain dollars and reduce exporters’ incentive to convert dollar earnings into yuan; the onshore yuan fell on November 9.

- Date: 2026-11-09 · published 2026-11-10T00:10:20.106Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/90350-pboc-reportedly-moves-to-curb-yuan-gains-banks-raise-dollar-deposit-rates
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Lower conversion of exporters’ dollar receipts could ease yuan appreciation and support a higher USDCNY rate. Currency changes can affect China’s import costs for feed ingredients.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2018-11-01 | [China to defend 7 yuan per dollar rate, but may find it tough: Reuters poll](https://feedsoft.ai/events/62264-china-to-defend-7-yuan-per-dollar-rate-but-may-find-it-tough-reuters-poll.md) | -0.8% | -0.3% |
| USDCNY | 2019-08-05 | [Yuan sinks past seven against the dollar to over decade low](https://feedsoft.ai/events/5372-yuan-sinks-past-seven-against-the-dollar-to-over-decade-low.md) | +1.8% | +3.1% |
| USDCNY | 2017-03-09 | [China's yuan weakens, prompting dollar sales by state banks](https://feedsoft.ai/events/72221-china-s-yuan-weakens-prompting-dollar-sales-by-state-banks.md) | +0.0% | -0.3% |
| USDCNY | 2018-06-29 | [Renminbi Continues to Fall: Central bank sets yuan midpoint fixing against dollar at 6.6166 - CGTN](https://feedsoft.ai/events/64735-renminbi-continues-to-fall-central-bank-sets-yuan-midpoint-fixing-against.md) | +0.2% | +2.8% |
| USDCNY | 2017-04-25 | [China's yuan dips against US dollar, falls to record low against currency basket - The Business Times](https://feedsoft.ai/events/71709-china-s-yuan-dips-against-us-dollar-falls-to-record-low-against-currency-basket.md) | +0.1% | -0.0% |

## Sources

- ctee.com.tw: https://www.ctee.com.tw/news/20261110700142-439901

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