PBoC is expected to set USD/CNY mid-point at 6.7945 (prev. 6.8467)
Newsquawk Staff ·
PBoC is expected to set USD/CNY mid-point at 6.7945 (prev. 6.8467)
What it means
The PBoC's decision to set the USD/CNY mid-point significantly lower at 6.7945, compared to the previous 6.8467, suggests a more proactive stance in managing currency valuation. This adjustment is likely aiming to bolster competitiveness amid broader economic concerns, and it could influence market sentiment towards the Chinese yuan while also impacting USD dynamics across global markets.
- PRE-MARKET AUSTRALIAN STOCK NEWS: CSL names new CEO and faces class action; Fortescue Q1 sales hit by CMRG talks; Garda upgrades FY27 guidance on AUD 300mln portfolio sale
- US Market Wrap: Stocks gain as tech earnings begin
- Canadian PM Carney says he spoke to US President Trump on Wednesday for quite some time; he discussed a wide range of issues with US President Trump, including Iran
- Newsquawk European Market Wrap - 21st October 2026
- Canadian PM Carney is expected to announce tariff support measures for the steel and automotive sectors
Related headlines
- PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan's health ministry halts new Tavneos use, questions Kissei approval data; Mitsubishi Corp approves US copper mine; Samsung Electro-Mechanics joins NVIDIA substrate supply chain24 min ago
- US President Trump says on embassy staff told to depart, says don't know that they are; we continue to beat Iran3 hours ago
- US President Trump says he had a good meeting on cyber; On embassy staff told to depart, says don't know that they are3 hours ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL5 hours ago
- Russia's Kremlin says US envoy Witkoff briefed Russian President Putin on his talks is Oslo and new approaches, but nothing of real use in context of a peace settlement10 hours ago
- US President Trump posts "the U.K. has started drilling in the North Sea, one of the greatest and most prosperous areas of OIL in the World. They should go FULL BLAST!"11 hours ago
- US and Israeli militaries have reportedly developed plans for renewed strikes on Iran after the US midterm elections, targeting energy infrastructure, nuclear facilities and missile and drone arsenals, NYT reports, citing sources1 hour ago
- New Zealand CPI (Q3 QQ) 0.7% vs. Exp. 0.8% (Prev. 1.5%); Y/Y 3.7% vs Exp. 3.8% (Prev. 4.1%)2 hours ago
- US waives Russian diesel tax record requirements for buyers3 hours ago
- Ukrainian President Zelensky says supports US proposal for trilateral talks at level of negotiators as soon as possible; Ukraine hopes for meeting not later than early November; Meeting could discuss peace and possible leaders’ summit5 hours ago
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure6 hours ago
- Israeli helicopters flying in the sky of southern Syria, and continued transfer of military forces, equipment and deployment of early warning systems, are being carried out within the framework of preparation for a possible war with Iran, reports Mizan7 hours ago
- Russian Kremlin Aide Ushakov says the conflict in Ukraine is nearing an end, IFX reports9 hours ago
- Russia's Envoy Dmitriev says Russian President Putin's call with US Special Envoy Witkoff was productive, TASS reports10 hours ago
- US President Trump says closest they've ever been to settling Ukraine/Russia war4 hours ago