PBoC sets USD/CNY mid-point at 6.8943 vs exp. 6.8840 (Prev. 6.9041)

Newsquawk StaffPublished 24 Mar 2026, 01:35 UTC

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PBoC sets USD/CNY mid-point at 6.8943 vs exp. 6.8840 (Prev. 6.9041)

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Context

The PBoC's setting of the USD/CNY mid-point at 6.8943, stronger than expected, indicates a more stable yuan despite previous weakness. This adjustment could signal the bank's efforts to manage currency fluctuations and maintain competitiveness, which may influence market perceptions of Chinese economic resilience and yuan strength against other currencies.

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