PBoC is expected to set USD/CNY mid-point at 6.9144 (prev. 6.9025)

Newsquawk Staff · 9 Mar 2026, 00:44 UTC

What it means

The People's Bank of China (PBoC) setting the USD/CNY mid-point at 6.9144, higher than the previous 6.9025, suggests a slight easing of the yuan's strength against the dollar. This adjustment may signal the PBoC's intent to manage currency appreciation and support exports amid ongoing economic challenges. Traders should watch for potential implications on the broader FX market, particularly in relation to risk sentiment and the USD's relative strength.

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