PBoC is expected to set USD/CNY mid-point at 6.8138 (prev. 6.8487)
Context
The PBoC's adjustment of the USD/CNY mid-point suggests a rebalancing of the yuan, with a notable shift from the previous level. This decision could reflect concerns about economic conditions or trade relationships, and it may influence market perceptions of the yuan's strength, potentially impacting USD flows and broader risk sentiment in Asian markets.
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