PBoC is expected to set USD/CNY mid-point at 6.8087 (prev. 6.8562)
Context
The People's Bank of China (PBoC) is expected to set the USD/CNY mid-point significantly lower at 6.8087 compared to the previous 6.8562. This move may signal a more dovish stance or a response to currency pressures, potentially impacting USD-related trades, risk sentiment, and broader market dynamics in Asia.
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