PBoC sets USD/CNY midpoint at 6.7180 vs exp. 6.6811 (prev. 6.7150)

Newsquawk Staff · 4 Nov 2026, 01:36 UTC

What our morning note said

US Market Open, 3 Nov, 11:11 UTC · what it led with

The US attacked Iran’s Qeshm Island on Monday, with an official describing it as small-scale and defensive.
Journalist Mallick reported that an agreement for Iran and the US to return to negotiations is reportedly in the works, although a deal is not as close as some suggest.

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Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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