PBoC sets USD/CNY mid-point at 6.9458 vs exp. 6.9135 (Prev. 6.9523)

Newsquawk Staff · 10 Feb 2026, 01:35 UTC

What it means

The People's Bank of China (PBoC) has fixed the USD/CNY mid-point significantly higher than expected, indicating a more dovish stance in its currency management. This adjustment suggests the central bank may be prioritizing economic stability amid pressures, which could influence market sentiment on the yuan and risk appetite across other asset classes.

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