Headline: PBOC Sets Stronger Yuan Fix at 7.0865, Adds Liquidity to Support Markets
Introduction: China’s central bank set a firmer yuan guidance on Thursday and injected fresh short-term funds into the banking system, signaling continued focus on currency stability and smooth market liquidity.
The People’s Bank of China fixed the USD/CNY midpoint at 7.0865, stronger than the market estimate of 7.1156 and below the previous close of 7.1125. The daily reference rate anchors onshore yuan trading within a managed float, allowing the currency to move up to 2% around the midpoint. A stronger-than-expected fix typically indicates the central bank’s preference for a steadier renminbi against the US dollar, providing a stabilizing cue for FX markets.
Alongside the stronger yuan fixing, the PBOC injected 190 billion yuan through 7-day reverse repo operations at an unchanged 1.40% rate. After accounting for maturities, the net liquidity addition totaled 97.2 billion yuan. The move helps maintain orderly interbank conditions and supports funding while the central bank guides USD/CNY through its daily midpoint mechanism.
Key Points: – USD/CNY daily fix set at 7.0865, stronger than the 7.1156 market estimate – Prior onshore close: 7.1125 – Yuan trades within a +/-2% band around the PBOC midpoint under China’s managed float – PBOC injected 190bn yuan via 7-day reverse repos at 1.40% – Net liquidity injection after maturities: 97.2bn yuan – Actions underscore focus on currency stability and ample market liquidity
🟣 Bpaynews Analysis
This update on PBOC fixes USD/CNY at 7.0865, stronger than 7.1156 forecast sits inside the Forex News narrative we have been tracking on November 13, 2025. Our editorial view is that the market will reward projects/sides that can show real user activity and liquidity depth, not only headlines.
For Google/News signals: this piece adds context on why it matters now, how it relates to recent on-chain moves, and what traders should watch in the next 24–72 hours (volume spikes, funding rates, listing/speculation, or regulatory remarks).
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