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South Korean President Lee Holds Brief Meeting with Former President Trump
South Korea's Lee to Meet Trump During UN General Assembly
Meta Takes Action Against 3.7 Million Accounts in Collaboration with Singapore Police
India Consumer Stocks Draw Bullish Bets on Festive Spending
Morocco's Foreign Minister Highlights Rising Influence of Armed Groups
Asian Stocks’ Early Momentum Fades, Oil Declines: Markets Wrap
Estonian Prime Minister Kallas and Iranian Official Araghchi Discuss Strait of Hormuz Reopening
Goldman Sees China Oil Imports Staying Subdued in Fourth Quarter
Why is Nufarm stock sliding today?
Embraer Reports GPS Instability Affecting E2 Aircraft
Burnham Warns UN About Russian Disinformation
Australia's Employment Expected to Rebound in August Amid Economic Uncertainty
Embraer Collaborates with Operators Amid Ongoing Situation
Hang Seng clings to 38.2% Fib at 24,798: Live levels
South Korea’s Lee, Trump welcome progress in US strategic investment projects
Embraer Provides Technical Support Amid Ongoing Issue Resolution
Korean Battery Makers Lock In Local Supply as US Rules Tighten
Asia stocks ride tech wave higher, oil stays subdued
Embraer Reports Potential Disruption to Airline Schedules
Asian Stocks Edge Higher as Tech Leads, Oil Slips: Markets Wrap
India’s NSE IPO: How the National Stock Exchange Listing Will Work
Oil falls on increased Gulf supply and hopes for US-Iran talks
Exclusive-GM CEO Mary Barra to attend Trump’s state dinner for Xi, sources say
Dollar holds near 2-month high as markets weigh rate hikes, Iran diplomacy
Iranian and U.S. Officials Engage in Rare Talks on Strait of Hormuz
Gold Prices Remain Steady Amid Competing Economic Signals
WTI Crude Oil Prices Decline as Attention Shifts to UN Speech
U.S. Actions May Limit Access to Affordable Canadian Prescription Drugs
Gold rises as oil slide eases Fed hike fears, Iran talks stay in focus
Option Traders Bet Won’s Asia-Leading Rally Has Further to Run
Polish President Highlights Financial Commitment to U.S. Troop Presence
People's Bank of China Sets Yuan Mid-Point at 6.7498 Against US Dollar
UK Prime Minister Andy Burnham Expresses Support for Israel Amid Ongoing Threats
Australia's S&P/ASX 200 Index Increases by 0.3% in Early Trading
SK Hynix battles ₩1,911,300 resistance: Live levels
Nikkei 225 overbought at 67,000 resistance: Live levels
US Secretary of State Rubio to Meet Russian Foreign Minister Lavrov in New York
UK Prime Minister Affirms Commitment to Rule of Law Amid Global Threats
Why is Tuas stock plunging today?
US Administration Considers Partial Diesel Export Ban Amid Rising Prices
Asian Stocks Rise After US Tech Rally, Oil Drops: Markets Wrap
JPMorgan Considers Partnerships for Denied Co-Branded Credit Card Applications
Oil extends losses as Trump signals progress in U.S.-Iran talks
US judge dismisses Michigan climate lawsuit against oil companies
Australian manufacturing PMI shrinks in Sept, services slow
U.S. Special Envoy Reports Progress in Ongoing Discussions
U.S. Special Envoy Engages in Talks with Iranian Delegation at UN General Assembly
U.S. stock futures flat as markets parse Iran talks, AI optimism
US and Iran Engage in Indirect Talks Amid Easing Oil Prices
Israeli Airstrikes and Artillery Target Southern Lebanon
Ukraine's President Zelensky Warns of Imminent Russian Offensive
Mexico arrests alleged prominent fentanyl trafficker
U.K. Prime Minister Reaffirms Support for Falkland Islands During Talks with U.S. President
ACCC blocks IAG’s proposed acquisition of RAC Insurance
PBOC Expected to Set USD/CNY Reference Rate at 6.6971
Iran Urges End to Conflict Amid Disruption in Strait of Hormuz Shipping
Indonesia Set to Hold Key Rate as Risks Test Rupiah’s Resilience
Apollo Caps Private Credit Fund Again Amid Withdrawals
KLEA Finance Daily: Tuesday, September 22, 2026
OpenAI Recruits External Watchdogs to Police AI Risk
U.S. Secretary of State Marco Rubio Addresses Greenland's Future Status
US Secretary of State Highlights Greenland's Strategic Importance for National Security
Baghdad and Muscat Airports Suspend Iranian Flights, Azerbaijan Follows Suit
Donald Trump rejects ‘globalist scheme’ to control AI in blow to Andy Burnham
Apollo Limits Withdrawals from Private Credit Fund for Third Consecutive Quarter
Canada's Prime Minister Carney Highlights U.S.-China Cooperation and Potash Opportunities
US Gasoline and Distillate Inventories Decline Significantly
Activist Jana Partners calls for Six Flags sale- WSJ
US Crude Oil Stocks Increase by 1.786 Million Barrels
PBOC Expected to Set USD/CNY Reference Rate at 6.6989
The People's Bank of China (PBOC) is anticipated to establish the USD/CNY reference rate at 6.6989, a key indicator closely monitored in Asian foreign exchange markets. This daily fixing, set around 0115 GMT, reflects a combination of factors including the previous day's closing price, movements in major currencies, and domestic economic conditions. Recently, the PBOC has signaled a desire to moderate the pace of the yuan's appreciation, particularly after it reached a three and a half year high against the dollar in late August.
In late August, the PBOC set its fixing at the widest weak side deviation from market estimates in six months, indicating discomfort with the rapid gains of the yuan. Analysts interpreted this move as the central bank applying brakes on the currency's appreciation rather than reversing the overall upward trend. The yuan has still appreciated significantly against the dollar this year, highlighting the PBOC's focus on managing the speed of its rise to avoid potential negative impacts on export competitiveness amid signs of economic softness in China.
China operates a managed floating exchange rate system, allowing the yuan to trade within a band of plus or minus 2% around the daily midpoint. The PBOC retains the discretion to intervene in the market through various means, including direct buying or selling of yuan, to maintain stability. The gap between the daily fixing and market consensus estimates serves as a critical gauge for traders to assess the central bank's current stance on currency management.
© 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: KLEA News