PBoC is expected to set USD/CNY mid-point at 6.8096 (prev. 6.8593)
The PBoC's decision to set the USD/CNY mid-point significantly lower than the previous rate suggests a hawkish stance aimed at supporting the yuan.
Japan plans to extend private sector oil release by one month, according to TV Asahi
US Pentagon is likely to trim its Iran wall funding request, according to WSJ citing Senator Coons who is the top democrat on the Senate appropriations defence committee
PBoC is expected to set USD/CNY mid-point at 6.8096 (prev. 6.8593)
US destroyer interdicted two oil tankers that attempted to leave Iran on Tuesday, according to an official cited by Reuters
US President Trump's blockade risks upending the emerging detente with China, according to NYT
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This move could impact market perceptions of the PBoC's monetary policy direction and may also influence flows into Chinese assets, potentially strengthening the yuan against a backdrop of competing currencies.
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