PBoC is expected to set USD/CNY mid-point at 7.9926 (prev. 7.0187)
Newsquawk Staff ·
PBoC is expected to set USD/CNY mid-point at 7.9926 (prev. 7.0187)
What it means
The PBoC's decision to set the USD/CNY mid-point significantly higher suggests a more cautious approach amid ongoing economic pressures. This change could reflect a shift in policy stance or market conditions and may influence cross-border flows, impacting both Chinese exports and the broader FX landscape.
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