PBoC is expected to set USD/CNY mid-point at 6.7821 (prev. 6.7934)
The PBoC's adjustment of the USD/CNY mid-point to 6.7821 from 6.7934 indicates a slight strengthening of the yuan against the dollar.
US President Trump says we hit Iran very hard again tonight and hit Iran in honour of probably three patriots who died, adds we are ending any chance of Iran having a nuclear weapon
Four explosions reported in UAE's Ras Al-Khaimah
PBoC is expected to set USD/CNY mid-point at 6.7821 (prev. 6.7934)
At least three explosions were heard in the city of Jask in the Hormozgan province in southern Iran
[MARKET UPDATE] Mixed start to Asia-Pac trade after US-Iran escalation and with Japan closed for holiday, while KOSPI is pressured on return from a 3-day weekend
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This move suggests a more favorable outlook for the currency, which could influence market sentiment and impact trade dynamics, especially in the context of USD flows and fixed income. Keep an eye on how this aligns with broader monetary policy and economic data from China.
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