PBoC sets USD/CNY mid-point at 6.9858 vs exp. 6.9548 (Prev. 6.9843)
Newsquawk Staff ·
PBoC sets USD/CNY mid-point at 6.9858 vs exp. 6.9548 (Prev. 6.9843)
What it means
The PBoC's setting of the USD/CNY mid-point at 6.9858, notably higher than the expected 6.9548, may suggest a more cautious approach towards the yuan's valuation. This deviation could indicate growing concerns about economic stability or intended currency support, potentially impacting risk sentiment in Asian markets and influencing cross-asset flows, particularly in USD and commodities.
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
- Newsquawk Daily Economic Releases - 4th November 2026
Related headlines
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 11+ TICKS LOWER AT 106-164 days ago
- US Midterms Cheat Sheet for Traders4 days ago
- Eight tankers carrying 300,800 tonnes of Russian diesel are being monitored on potential voyages to the US, with seven declaring the US as their destination and arrivals expected from November 7th, according to Ukrainian sources cited by an RFE journalist5 days ago
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources5 days ago
- US Energy Secretary Wright says overnight strikes on Iran's Qeshm Island have not impacted oil flows; more refined products are coming out of the Arabian Gulf and more will come from India5 days ago
- US President Trump says they have total control of the Middle East. Israel has been a helper.5 days ago
- Amgen Inc. (AMGN) Q3 2026 (USD): Adj. EPS 6.45 (exp. 5.79), Revenue 10.4bln (exp. 10.07bln), Adj. operating income 4.7bln (exp. 4.33bln)4 days ago
- Sources close to the White House report a divisiveness in the Trump administration's approach to Iran, reports ILNA5 days ago
- US and Venezuela discuss fresh aluminium cargo amid trade revival, reports Bloomberg5 days ago
- Iran is reportedly ready to respond to new US aggression that will go beyond the geographical limits of the region, reports Russian Press Ria citing an Iranian political source5 days ago
- Russian Kremlin spokesperson says Russia will eventually have to discuss the future security system with Europe, but it is important to understand with whom5 days ago
- Melania Trump will reportedly convene Russia and Ukraine representatives at the White House; will deliver remarks on the Oleshky ceasefire on Thursday5 days ago
- Russia's Kremlin is reportedly seeking further easing of US sanctions following a Trump-Putin agreement on Russian diesel supplies, according to Bloomberg sources5 days ago
- Meta (META) launches USD 15bln 5-parter: 5yr, 7yr, 10yr, 20yr, 30yr5 days ago
- Meta (META) kicks off a five-part USD bond offering5 days ago