PBoC is expected to set USD/CNY mid-point at 6.8096 (prev. 6.8593)
Context
The PBoC's decision to set the USD/CNY mid-point significantly lower than the previous rate suggests a hawkish stance aimed at supporting the yuan. This move could impact market perceptions of the PBoC's monetary policy direction and may also influence flows into Chinese assets, potentially strengthening the yuan against a backdrop of competing currencies.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#CHINA#CNY#JAPAN#UNITED KINGDOM#ASIA#PBOC#FOREX#FIXED INCOME#ASIAN SESSION#CENTRAL BANK#USD/CNY#DXY