Newsquawk Logo

PBoC is expected to set USD/CNY mid-point at 6.9807 (prev. 7.0103)

The PBoC's adjustment of the USD/CNY mid-point to 6.9807 from a previous 7.0103 indicates a more favorable stance towards the CNY relative to the USD.

Newsquawk StaffPublished On the live feed at — 5 more headlines followed before this page went public
Newsquawk headlinesUTC

[MARKET UPDATE] USD/JPY pulls back from session highs of 159.29 to a session low of 159.07, this comes alongside 5-year JGB yields rising to 1.615% (highest since 2000)

PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS

PBoC is expected to set USD/CNY mid-point at 6.9807 (prev. 7.0103)

China insurers review investment rules as consultation period ends, CSJ reports

[MARKET UPDATE] Nikkei 225 opens +0.8% and trading at ATHs of 54000, KOSPI begins trade with modest gains (+0.2%); USD/JPY extends on earlier gains, currently trading at session highs of 159.26

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 shift may signal the central bank's intent to bolster the yuan amid ongoing economic pressures, potentially impacting cross-asset sentiment and influencing the broader USD direction in currency markets. Watch for further implications on trade flows and investor appetite.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.