PBoC sets USD/CNY mid-point at 6.9523 vs exp. 6.9334 (Prev. 6.9590)

Newsquawk Staff · 9 Feb 2026, 01:35 UTC

What it means

The PBoC's USD/CNY mid-point setting at 6.9523 is notably higher than expected, suggesting a more proactive approach to manage the CNY's value amidst economic pressures. This deviation from expectations could imply a hawkish stance towards stabilizing the currency and may introduce volatility in forex markets as traders reassess the implications for monetary policy and risk sentiment towards the USD.

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