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Agentic AI: A revolution worth watching
Kudo.com Introduces Instant Crypto Withdrawals
GFTN’s Maha El Dimachki on the tech forces facing central banks
Carta Receives Fund Administration License in Luxembourg
Intel and Broadcom CEOs Highlight Capital Access as Potential AI Growth Barrier
KKR bans non-compete clauses for US portfolio company staff earning under $100,000
DCC energy to sell Nexora for $725m ahead of KKR-led buyout
Permira chief sees potential for exceptional PE returns as valuations fall
S&P 500 Targets Record High on Earnings Optimism: Markets Wrap
Why is Renault stock rallying today?
World Bank Jobs Council Calls for Support Amid AI Impact on Labor Market
Why is ActiveOps stock plummeting today?
Vallourec shares up 4% on TotalEnergies Azerbaijan gas field contract
ActiveOps crashes 43% as major customer loss clouds FY28 outlook
German labour minister to quit after stepdaughter’s death
Oil falls, CPI and bank earnings in focus - what’s moving markets
Saudi Arabia doubles passenger train order with Swiss company
Nate Soares on How AI Really Could Kill Us All
Odd Lots: Nate Soares on How AI Could Kill Us All (Podcast)
INR/USD: India Draws Line in Sand for Rupee at 97 as RBI Steps Up Defense
Gold Prices Rebound Amid Easing Geopolitical Tensions
Stellantis CEO Says Company Split 'Not Plausible'
China Says Hybrid-Car Deal With Europe to Ensure ‘Export Space’
China Steel Mill Turns to Shipbuilding As Industry Booms
U.K. Government Faces Test of Budget Credibility
Blackouts Hit Indian Factories as Coal Crunch Feeds Into Economy
Saudis’ Ability to Supply Energy Is Resilient, Minister Says
Chinese Lithium Slumps 10% After EU Deal Slashes Hybrid Exports
Inwit shares rise as top owners arrange financing for buyout bid
Volkswagen Q3 deliveries drop 14.3% on China weakness; Traton gains on U.S. demand
Euro Area Rate Reprieve Capped by Political Risk: Market Analysis
S&P 500 to Test Record High in Buildup to Earnings: Markets Wrap
Real estate sales value reaches QR458mn in 41st week of 2026
Nuveen's Cooper Sees Yield Risks Tilted to Upside (Video)
RBI to Sell Bonds, Tightens Cash Rules to Drain Funds
Goldman Sachs upgrades Tryg to neutral from sell, raises price target
FTSE 100 today: Stocks rise as oil slips despite Riyadh airport attacks
European Stock Markets Open Higher Amid Cautious Optimism
Natural Gas coils in bull flag at $3.172: Live levels
London Gas Oil tests 200-SMA support after double top: Live
Gold Swings as Traders Assess Lower Oil, Fed Rates Outlook
China’s $7.5 billion EU hybrid boom faces new curbs under China-EU deal
Broadcom CEO says biggest hurdle in AI-fuelled tech growth is capital, not memory chips
Banque du Caire to sell stake in IPO
UAE economy slows as war hits business activity
Burnham’s water industry plan may cost £105 billion, study says
Wilkinson: Biggest Global Energy Shock in 40 Years (Video)
Oil prices volatile after Trump claims ‘energy ceasefire’ in Ukraine war
Bahoshy: Saudi VC Deals Fall 35% as Capital Rises (Video)
QIB announces two new Misk Account millionaires
Horizons Middle East & Africa 10/12/2026 (Video)
Hays’ quarterly fees fall 3% as permanent recruitment remains weak
Why is Suzhou Dongshan Precision Manufacturing stock sliding today?
EU to push climate action package at Turkey summit next month - report
Traders Await US CPI Report Amid Limited European and American Market Activity
Renault CEO Says Nissan Needs to Speed Overhaul
European, Chinese automakers launch product blitz at Paris car show in fight for market share
Telia to cut 900 jobs in push to save 1 billion crowns annually
Oil falls on Ukraine-Russia energy ceasefire
Global Debt Toolkit Faces Fresh Test in Senegal (Video)
Vår Energi cuts 2026 output forecast; Q3 production at 369,000 boepd
Geely shares climb as automaker targets Canada launch in 2027
Nordex Q3 order intake rises 29.5%, led by Turkey, Germany, U.S.
Is the US economy as narrow as its stock market?
FTAV’s further read
US Bank Earnings Reports to Highlight Impact of Rising Treasury Yields
Jetstar Plane Nearly Collides With Van at Australian Airport
Why is Evergreen Marine stock surging today?
Emerging Markets Better Armed for Renewed Europe Debt Fears
People’s Bank of China Expected to Set USD/CNY Reference Rate at 6.6977
The People’s Bank of China (PBOC) is anticipated to announce its daily USD/CNY reference rate at 6.6977, a figure that has garnered significant attention in Asian currency markets. The PBOC publishes this rate around 0115 GMT, which has become increasingly important as the Chinese government shifts its approach to the yuan, moving from a strategy of limiting its rise to one of gradual appreciation.
Under China's managed float system, the onshore yuan is allowed to trade within a 2% band around the midpoint set by the PBOC each morning. This midpoint is determined by various factors, including the previous day's closing price, fluctuations in the US dollar and other major currencies, and broader global foreign exchange conditions. The PBOC's fixing serves not only as a reference point for trading but also as a tool for influencing market expectations regarding the yuan's value.
In recent weeks, the PBOC has adjusted the fixing upward for eight consecutive sessions, marking its longest streak of increases since 2023. This adjustment has pushed the midpoint to its strongest level since February 2023, with the onshore yuan reaching values last seen in January 2023. Despite this, the fixing has consistently been set below market estimates, indicating a cautious approach by Beijing as it balances the benefits of a stronger yuan against potential impacts on exporters amid a soft domestic economy.
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Source: KLEA News