# PBoC is expected to set USD/CNY midpoint at 6.6625 (prev. 6.7138) | Newsquawk

> A preview note expected the PBoC to set the USD/CNY midpoint at 6.6625, versus the prior fixing of 6.7138. The note explains that the gap between the fix and model expectations signals how tightly authorities are managing the currency.

- Date: 2026-11-02 · published 2026-11-02T06:09:15.245Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/74931-pboc-is-expected-to-set-usd-cny-midpoint-at-6-6625-prev-6-7138-newsquawk
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A fix stronger than models imply would signal official resistance to yuan gains, which could slow the appreciation that supports Chinese import demand for feed ingredients.

## Read by commodity

- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2025-05-27 | [PBOC sets USD/ CNY central rate at 7.1876 (vs. estimate at 7.1842) — TradingView News](https://feedsoft.ai/events/24889-pboc-sets-usd-cny-central-rate-at-7-1876-vs-estimate-at-7-1842-tradingview-news.md) | +0.2% | -0.1% |
| USDCNY | 2021-11-22 | [USD/CNY Flat As PBoC Leaves LPR Unchanged, Hints at Coming Stimulus](https://feedsoft.ai/events/44272-usd-cny-flat-as-pboc-leaves-lpr-unchanged-hints-at-coming-stimulus.md) | +0.0% | -0.2% |
| USDCNY | 2022-11-07 | [PBOC Ends Stronger-Than-Expected Yuan Fixings Amid Covid Bets - Caixin Global](https://feedsoft.ai/events/38904-pboc-ends-stronger-than-expected-yuan-fixings-amid-covid-bets-caixin-global.md) | -3.1% | -4.2% |
| USDCNY | 2018-05-11 | [Chinese yuan strengthens to 6.3524 against USD Friday - Xinhua \| English.news.cn](https://feedsoft.ai/events/65235-chinese-yuan-strengthens-to-6-3524-against-usd-friday-xinhua-english-news-cn.md) | +0.3% | +0.9% |
| USDCNY | 2017-02-22 | [Across The Border \| Why the PBOC has changed the way it computes the yuan’s daily midpoint \| South China Morning Post](https://feedsoft.ai/events/72720-across-the-border-why-the-pboc-has-changed-the-way-it-computes-the-yuan-s-daily.md) | -0.2% | +0.0% |

## Sources

- newsquawk.com: https://www.newsquawk.com/headlines/pboc-is-expected-to-set-usdcny-midpoint-at-66625-prev-67138
- newsquawk.com: https://www.newsquawk.com/headlines/pboc-sets-usdcny-midpoint-at-67146-vs-exp-66625-prev-67138

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.