PBoC is expected to set USD/CNY mid-point at 6.8816 (prev. 6.9236)

Newsquawk Staff · 3 Mar 2026, 00:40 UTC

What it means

The PBoC's decision to set the USD/CNY mid-point significantly lower than the previous level suggests a more dovish stance, potentially aimed at supporting economic growth amid recent challenges. This adjustment could lead to increased selling pressure on the dollar against the yuan, influencing market expectations for currency flows and possibly impacting broader forex sentiment across Asia.

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