PBoC is expected to set USD/CNY mid-point at 6.7946 (prev. 6.8426)
Newsquawk Staff ·
PBoC is expected to set USD/CNY mid-point at 6.7946 (prev. 6.8426)
What it means
The PBoC's decision to set the USD/CNY mid-point significantly lower suggests a more accommodative stance, potentially aimed at supporting economic stability. This move could shift market expectations regarding future monetary policy and may influence not just the yuan but also broader FX markets and risk sentiment across asset classes.
- US Market Wrap: Stocks gain as tech earnings begin
- US President Trump says on embassy staff told to depart, says don't know that they are; we continue to beat Iran
- 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
- US President Trump says he had a good meeting on cyber; On embassy staff told to depart, says don't know that they are58 min 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/BBL2 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 settlement7 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!"8 hours ago
- US President Trump posts "Numerous people, who requested that sanctions be immediately imposed on Russia, have called to apologize... they didn’t know that he was negotiating the release of Stephen Hubbard"10 hours ago
- Russia's Kremlin says they will look at the US' proposal, but it is largely dependent on Ukraine. Adds, conversation between Russian President Putin and US President Trump will be both long and serious10 hours ago
- US President Trump's administration is reportedly to evaluate whether additional loans from the heating oil reserve should occur, sources reports; Energy Department to loan as much as one third of the 1mln barrel northeast heating oil reserve11 hours ago
- US waives Russian diesel tax record requirements for buyers1 hour 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’ summit2 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 pressure4 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 Mizan4 hours ago
- Russian Kremlin Aide Ushakov says the conflict in Ukraine is nearing an end, IFX reports6 hours ago
- Russia's Envoy Dmitriev says Russian President Putin's call with US Special Envoy Witkoff was productive, TASS reports8 hours ago
- Ukrainian President Zelensky says trilateral meeting at minimum is necessary, according to Fox News; Important that Ukraine to be in any meeting and would also be better with Europeans; any deal would require a referendum10 hours ago
- US President Trump says closest they've ever been to settling Ukraine/Russia war1 hour ago