PBoC is expected to set USD/CNY mid-point at 6.8840 (prev. 6.9041)

Newsquawk StaffPublished 24 Mar 2026, 00:51 UTC

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PBoC is expected to set USD/CNY mid-point at 6.8840 (prev. 6.9041)

00:30

Japanese S&P Global Manufacturing PMI Flash (Mar) 51.4 vs. Exp. 52.8 (Prev. 53)

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Japanese S&P Global Services PMI Flash (Mar) 52.8 vs. Exp. 51.8 (Prev. 53.8)

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Context

The People's Bank of China (PBoC) is expected to set the USD/CNY mid-point lower than the previous rate, indicating a stronger yuan relative to the dollar. This move could be interpreted as a signal of the PBoC's ongoing efforts to stabilize the currency and could influence market expectations about future monetary policy, especially concerning rates and economic growth.

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