PBoC sets USD/CNY mid-point at 6.9438 vs exp. 6.9109 (Prev. 6.9458)

Newsquawk Staff · 11 Feb 2026, 01:35 UTC

What it means

The PBoC's setting of the USD/CNY mid-point at 6.9438 is notably weaker than the market expectation of 6.9109, indicating a more dovish stance than anticipated. This adjustment suggests potential pressure on the yuan and may reflect the PBoC's broader strategy to support economic growth amid global uncertainties. Traders may want to watch for subsequent effects on risk sentiment and related currency pairs.

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