Newsquawk Logo

PBoC is expected to set USD/CNY mid-point at 6.9548 (prev. 6.9843)

The PBoC's adjustment to the USD/CNY mid-point at 6.9548 represents a notable shift from the previous level of 6.9843, which could signal a more supportive stance towards currency stability or an attempt to bolster trade competitiveness.

Newsquawk StaffPublished On the live feed at — 4 more headlines followed before this page went public
Newsquawk headlinesUTC

Australian NAB Business Conditions (Dec) 9 (Prev. 7)

Australian NAB Business Confidence (Dec) 3 (Prev. 1)

PBoC is expected to set USD/CNY mid-point at 6.9548 (prev. 6.9843)

[MARKET UPDATE] Asia-Pac stocks begin mixed following the rebound on Wall St and US President Trump's latest tariff threat against South Korea

Australia sells AUD 1bln 1.50% June 2031 bonds, b/c 3.46, avg. yield 4.4382%

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
Context

This change might be interpreted as a dovish signal, potentially influencing trader sentiment in the Forex market and impacting risk assets across Asia, depending on how it aligns with broader expectations on monetary policy and economic growth in China.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.