PBoC sets USD/CNY mid-point at 6.9124 (Prev. 6.9088)

Newsquawk Staff · 4 Mar 2026, 01:35 UTC

What it means

The PBoC's decision to set the USD/CNY mid-point slightly higher at 6.9124 suggests a cautious approach amid ongoing currency volatility. This adjustment may reflect the central bank's response to shifts in market expectations regarding the yuan, which could have implications for trade and capital flows. Market participants will want to monitor how this impacts broader sentiment in forex and fixed income across the region.

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