StockNow
Log in
Global Economy

PBoC sets USD/CNY mid-point at 6.7873 vs exp. 6.7382 (prev. 6.7878)

StockNow breaking-news AI analysis

The PBoC's historically weak USD/CNY fixing of 6.7873 signals aggressive resistance to Yuan appreciation, prioritizing market stability over fundamental valuation amidst ongoing trade and capital flow pressures.

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more
Geopolitics

US President Trump posts "..not happy with the fact that the United States has, long ago, agreed to participate in Joint Military Exercises with South Korea..." have instructed Secretary of War to substantially reduce the Joint Military Exercises

Geopolitics

US President Trump posts "Very happy to see that Saudi Arabia, Turkey, and Pakistan have recently, and finally, signed the Mecca Joint Defence Agreement"

Global Economy

PBoC keeps 7-day reverse repo operations at zero, but injects CNY 566bln via overnight reverse repos