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PBoC is expected to set USD/CNY mid-point at 6.9153 (prev. 6.9438)

The PBoC's shift in the expected USD/CNY mid-point to 6.9153 from the previous 6.9438 indicates a more supportive stance towards the yuan.

Newsquawk StaffPublished On the live feed at — 3 more headlines followed before this page went public
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Japan's top currency diplomat Mimura won't comment on FX levels and says closely watching markets with a high sense of urgency, also says they are not lowering our guard and are in contact with US authorities

PBoC is expected to set USD/CNY mid-point at 6.9153 (prev. 6.9438)

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Context

This adjustment is likely to be perceived as a response to strengthening economic conditions or a desire to curb further depreciation, which could have implications for USD flows and broader market sentiment in Asia. Traders should watch for potential ripple effects on other currencies and fixed-income assets as the market digests this guidance.

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