PBoC sets USD/CNY mid-point at 6.9398 vs exp. 6.9045 (Prev. 6.9457)

Newsquawk Staff · 13 Feb 2026, 01:35 UTC

What it means

The People's Bank of China (PBoC) has set the USD/CNY mid-point at a higher level than expectations, which suggests a subtly weaker yuan compared to prior settings. This adjustment could indicate the PBoC’s reaction to ongoing economic pressures, potentially influencing market sentiment on risk and positioning across currencies and commodity-linked assets.

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