PBoC is expected to set USD/CNY mid-point at 6.7988 (prev. 6.8502)
The PBoC's decision to set the USD/CNY mid-point significantly lower at 6.7988 indicates a more proactive approach in managing the yuan’s value and may suggest intent to support exports or stabilize the currency amid economic pressures.
Apollo Global Management (APO) holds talks to sell USD 3bln private credit fund, according to WSJ
Korea Exchange activated a sidecar on the KOSPI after KOSPI 200 futures rose 5%, with programme trading halted for 5 minutes
PBoC is expected to set USD/CNY mid-point at 6.7988 (prev. 6.8502)
South Korean May 1st-10th Exports rose 43.7% Y/Y, Imports rose 14.9% Y/Y, Trade Balance is at a provisional USD 1.7bln surplus
[MARKET UPDATE] Mixed start to Asia-Pac trade as the region reflects on last Friday's tech rally and NFP beat, as well as the latest geopolitical developments with US President Trump rejecting Iran's response to the peace proposal
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This move could influence market expectations around future monetary policy, impacting both forex and fixed income markets, especially if perceived as more accommodative relative to previous guidance.
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