PBoC is expected to set USD/CNY mid-point at 6.8173 (prev. 6.8657)
The People's Bank of China (PBoC) is expected to set a significantly stronger USD/CNY mid-point, moving it from 6.8657 to 6.8173.
Australian Westpac Consumer Confidence Index (Apr) 80.1 (Prev. 91.6)
[CALENDAR ADDITION] US President Trump is to meet with House Speaker Johnson at 13:30EDT/18:30BST and to meet US Ambassador to China at 17:30EDT/22:30BST on Tuesday
PBoC is expected to set USD/CNY mid-point at 6.8173 (prev. 6.8657)
US Secretary of State Rubio is to host Israeli and Lebanese ambassadors for talks on Tuesday, while the talks aim for ceasefire, Hezbollah disarmament and peace deal, according to Axios
US aircraft carrier USS George H.W. Bush is sailing off the coast of Africa and is heading to the Middle East to join Operation Epic Fury, according to two US officials cited by WSJ
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This shift suggests a more hawkish stance towards the CNY, likely aimed at bolstering its value amid broader currency volatility. Such a move could influence cross-asset sentiment, particularly in forex markets, potentially impacting dollar flows and expectations around Chinese economic resilience.
Related headlines
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)14 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)15 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates12 hours ago
- Newsquawk Daily Asia-Pac Opening News - 9th September 202617 hours ago
- Newsqawk European Market Wrap - 9th September 20261 hour ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 1 hour ago
- RBI may conduct USD/INR buy-sell swap operations this month, traders suggest8 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week12 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging15 hours ago
- Newsquawk Daily European Equity Opening News - 9th September 20269 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent6 hours ago
- FedEx (FDX) is to sell EUR denominated 4- and 8-year notes8 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war12 hours ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports2 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 203014 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks16 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs17 hours ago
- [MARKET ANALYSIS] Fixed falters once more as Brent takes USD 100/bbl, awaiting the Treasury buyback announcement6 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened6 hours ago
- [MARKET ANALYSIS] European bourses under pressure as renewed US-Iran strikes drive energy higher; ITX SM hit despite mixed earnings while FORTUM FH surges on GOOGL deal6 hours ago
The whole workspace, free to try.
Try it free