PBoC is expected to set USD/CNY mid-point at 6.8087 (prev. 6.8562)
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.
China has reportedly asked banks to pause new loans to US-sanctioned refiners, Bloomberg reports citing sources
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: E.Sun reports strong Q1 earnings, UOB beat net income estimates
PBoC is expected to set USD/CNY mid-point at 6.8087 (prev. 6.8562)
[MARKET UPDATE] Nikkei 225 gains by over 4% as its returns from its extended holiday as Iran war optimism and tech gains support the index
Japan's Top FX Diplomat Mimura does not comment on FX intervention but says FX is being closely watched and are in daily contact with US authorities
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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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