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From November 15, Chinese banks must hold 6% of foreign-currency deposits in reserve at the central bank, up from 4%, the first increase since 2021. The central bank says the change strengthens foreign-exchange liquidity management and could pull about $24 billion out of the onshore market.
The yuan was trading near a four-year high against the dollar.
Less dollar liquidity in China tends to support the dollar against the yuan, which raises the yuan cost of dollar-priced feed imports. The move signals Beijing wants slower yuan gains, which could temper Chinese import demand for U.S. commodities.
mlq.aiMLQ.ai NewsroomNov 14, 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.
