PBoC is expected to set USD/CNY mid-point at 6.7976 (prev. 6.8401)
The PBoC's expected mid-point adjustment of the USD/CNY rate suggests a strengthening of the yuan against the dollar, moving from 6.8401 to 6.7976.
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PBoC is expected to set USD/CNY mid-point at 6.7976 (prev. 6.8401)
BoJ official says April Y/Y increase in wholesale prices was the largest since May 2023
[MARKET UPDATE] Mostly positive start to Asia-Pac trade following the gains on Wall St, where tech outperformed and sentiment was underpinned amid constructive headlines from the Trump-Xi summit
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This shift reflects the central bank's ongoing effort to stabilize the currency and could impact risk sentiment across Asian markets while also influencing USD flows and broader currency dynamics.
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