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Tech Under Pressure on AI Jitters, Dollar Slips: Markets Wrap
Australian bank cuts 2,500 jobs as sector outlook sours
PBOC Rate Shift Plan Would Lower Borrowing Costs: Analysts
Gold dips as oil prices fuel inflation fears, Fed outlook in focus
Chipmakers Lead Korean Stock Selloff on Yield Spike, IPO Stumble
Data centre builder tumbles on trading debut
US to launch $8 billion support program for farmers to offset diesel costs, Trump says
Nvidia to Invest in German Startups as Chancellor Promotes AI Adoption
Micron union in Taiwan to launch strike as bonus dispute escalates
China’s September US soybean imports rebound from zero a year earlier, data shows
Asian shares tumble, oil rises as markets await AI sector results
Indonesia Stocks Rebound as Authorities Step Up Response to MSCI
People's Bank of China Sets USD/CNY Mid-Point at 6.7200
Hang Seng tests double bottom at 23,692.5: Live levels
Citi Australia CEO Questions Effectiveness of US Treasuries as Portfolio Hedge
Indonesia to Remove Tightly Held Stocks From Benchmark Index
Japan’s Katayama Vows Fiscal Prudence on Defense Funding
Gold slips as investors weigh Fed rate outlook
China leaves loan rates steady for 17th consecutive month
Asian Stocks Decline in Break From US Chip Rally: Markets Wrap
Fintech GCash’s Owner Gains in Debut After Record Philippine IPO
NAB to cut 2,500 jobs as bank moves to simplify operations
Indonesia to Remove Tightly Held Stocks From Key Index
Dollar and euro drift, yen slips as markets seek direction
Oil holds near five-month high as Hormuz attacks threaten supply recovery
SK Hynix plunges with RSI at 19.94 in fierce downtrend: Live
Nikkei 225 pivots at 64,350 with RSI nearing oversold: Live levels
China keeps benchmark lending rates steady for 17th straight month in Oct
Activist Starboard targets Honeywell spin-off Solstice after failed megadeal
Oil eases as markets assess potential waiver on Russian energy, Middle East supply risks
OpenAI races to raise $30 bln ahead of Anthropic IPO, Reuters reports
US Navy Guidance Influences Reporting of Shipping Attacks in Strait of Hormuz
Nursing is a well-paid career path that isn’t easily automated away. So why are so many quitting?
IMF-World Bank Meetings Highlight Debt, AI, and Ukraine
Ambani looks to pull off India’s biggest IPO
BHP Q1 copper output falls 19% on lower grades, disruptions
Honeywell Aerospace sees business aviation growth on rising aircraft use
China’s villages pay the price for Beijing’s AI ambitions
Trump envoys to hold fresh Ukraine talks as energy crunch looms over midterms
KLEA Finance Daily: Monday, October 19, 2026
US Delays Transfer of Patriot Missiles to Ukraine Amid Intensifying Conflict
JPMorgan Launches JPM Coin on Ethereum Mainnet
BlackRock Highlights Selectivity in Bond Markets Amid French Sell-Off
Iran oil exports through Hormuz dry up under US blockade
Asian Stocks Shrug Off US Chip Rally, Oil Steadies: Markets Wrap
French Protests Taper Off as Officials Admit Failure
Gold Holds Decline as Energy-Led Inflation Weighs on Rate Path
BYD is playing the long game in Japan
Waymo plans to quintuple fleet to 20,000, Semafor reports
OpenAI Aims for $1.4 Trillion Valuation Before Anthropic IPO
OpenAI Seeks Investor Commitments Ahead of Anthropic IPO
14 dead, 7 injured in Colombia illegal gold mine collapse
NAB to Cut 2,500 Staff as Australia Mortgage Pain Hits Banks
UBS Highlights Divergence in AI Market Amid Neocloud Sell-Off
Copper Boom Belies a Deepening ‘Mining Recession’ in Top Producer
Stifel Financial Leads $31.6 Million Investment in Meow Technologies
UBS Projects Euro to Rebound to $1.16 by Year-End 2026
Brazil’s Americanas exits bankruptcy proceedings
Mynt’s Record IPO Brings a New Heavyweight to Philippine Stocks
Salmon Group Secures $140 Million in Funding to Expand Operations in the Philippines
People’s Bank of China Plans Shift to Overnight Rate as Main Policy Tool
Goldman Sachs Raises Brent Oil Forecast Amid Iran War Risk Premium
Netflix, America’s Dominant Streaming Service, Has Hit a Wall
AI Tool Predicts Cancer Survival Chances With Single Face Photo
U.S. Administration Has Not Approved Transfer of Interceptor Missiles to Ukraine
US stocks rebound with AI earnings test ahead, euro falls on France unrest
Former Google CEO Schmidt owns 1% stake in Anthropic, Bloomberg reports
Anthropic and Nscale in talks for second multibillion-dollar deal
Healey rules out increasing capital gains tax in the Budget
People's Bank of China Expected to Set USD/CNY Reference Rate at 6.6813
The People's Bank of China (PBOC) is anticipated to set the daily USD/CNY reference rate at 6.6813, a significant indicator in Asian foreign exchange markets. This fixing mechanism has gained importance as the PBOC has shifted its stance from restraining the yuan's appreciation to allowing for a gradual increase. Over the past month, the midpoint has strengthened, narrowing the gap with market expectations, suggesting a change in the central bank's approach to currency management.
For nearly a year, the PBOC had set its daily guidance weaker than market estimates, interpreted by traders as an effort to slow the yuan's rise. However, in September, the central bank strengthened the fixing for eight consecutive sessions, marking the longest streak since 2023. This has resulted in the onshore yuan trading at its strongest levels since January 2023, while the offshore rate has reached heights not seen since July 2022.
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 discretion over the final fixing, which reflects various factors including previous closing prices, movements in major currencies, and domestic economic conditions. The recent adjustments in the fixing indicate that while the central bank is easing its resistance to yuan gains, it is still cautious about the pace of appreciation, balancing capital stability with export competitiveness.
© 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