PBoC is expected to set USD/CNY mid-point at 6.8818 (prev. 6.8943)

Newsquawk StaffPublished 25 Mar 2026, 00:52 UTC

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00:44

PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Far EasTone Telecommunications (4904 TT) said ICT services revenue is expected to grow by a double-digit percentage this year

00:40

Philippines ambassador to the US says Manila is working with the US State Department to get waivers to purchase oil from US sanctioned countries, and all options are being considered

00:32

PBoC is expected to set USD/CNY mid-point at 6.8818 (prev. 6.8943)

00:30

Australian RBA Trimmed Mean CPI MoM (Feb) M/M 0.2% vs. Exp. 0.3% (Prev. 0.3%, Low. 0.2%, High. 0.3%)

00:30

Australian RBA Trimmed Mean CPI YoY (Feb) Y/Y 3.3% vs. Exp. 3.4% (Prev. 3.4%, Low. 3.3%, High. 3.4%)

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Context

The PBoC's decision to set the USD/CNY mid-point lower than the previous level suggests a potential intention to support the yuan amid a backdrop of currency depreciation pressures. This adjustment could influence market sentiment, impacting not only the dollar-yuan exchange rate but also related assets, as traders assess the implications for China's monetary policy and economic stability in the face of broader global economic challenges.

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