PBoC is expected to set USD/CNY mid-point at 6.7946 (prev. 6.8426)
The PBoC's decision to set the USD/CNY mid-point significantly lower suggests a more accommodative stance, potentially aimed at supporting economic stability.
US Treasury Secretary Bessent arrives in South Korea for trade talks with Chinese Vice Premier He Lifeng
Israeli shelling reported in areas in west of Daraa, Syria
PBoC is expected to set USD/CNY mid-point at 6.7946 (prev. 6.8426)
Samsung Electronics (005930 KS) says it expresses regrets over mediation talks, while it will continue to talk to the union and make efforts to prevent the worst-case scenario
[MARKET UPDATE] Asia-Pac stocks begin negative following the subdued handover from the US, where sentiment was dampened by tech weakness, higher oil prices and firmer-than-expected inflation
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This move could shift market expectations regarding future monetary policy and may influence not just the yuan but also broader FX markets and risk sentiment across asset classes.
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