PBoC sets USD/CNY mid-point at 6.9457 vs exp. 6.9153 (Prev. 6.9438)

Newsquawk Staff · 12 Feb 2026, 01:35 UTC

What it means

The People's Bank of China (PBoC) setting the USD/CNY mid-point at 6.9457, notably above both the expectation and the previous rate, signals a broader context of Yuan depreciation against the Dollar. This adjustment may reflect an intention to support economic stability amidst ongoing global challenges, potentially influencing market sentiment and cross-asset flows in both Asia and beyond.

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