PBoC is expected to set USD/CNY mid-point at 6.8160 (prev. 6.8628)
The People's Bank of China setting the USD/CNY mid-point lower indicates an effort to strengthen the yuan relative to the dollar.
Hong Kong S&P Global PMI (Apr) 48.6 (Prev. 49.3)
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: Foxconn reports surging Apr revenue, Ardentec expects strong revenue growth in Q2
PBoC is expected to set USD/CNY mid-point at 6.8160 (prev. 6.8628)
BoK official says inflation is seen higher in May and are closely monitoring inflation trend as uncertainty is high over the Middle East situation
KOSPI sidecar activated after KOSPI 200 futures rise by 5%
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This adjustment could reflect the PBoC's strategy to stabilize its currency amid external pressures, potentially affecting cross-border trade dynamics and risk sentiment in global markets. Traders should watch for implications on risk assets and the broader currency market response.
Related headlines
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)4 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)5 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates2 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 9 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week3 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging6 hours ago
- Newsquawk European Market Wrap - 8th September 202615 hours ago
- NY Fed SCE (Aug): Inflation expectations: One-year 3.6% (prev. 3.6%), 3-year 3.2% (prev. 3.3%), 5-year 3% (prev. 3%). 14 hours ago
- US EQUITY OPEN: US indices open in the red amid downbeat risk tone after Labor Day holiday16 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war2 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20305 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks6 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs7 hours ago
- US President Trump says directing the GSA, working with the USTR, to take all necessary steps to remove Canadian-origin products from GSA’s Multiple Award Schedules unless Canada restores full and fair reciprocity for American farmers and companies9 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL11 hours ago
- US President Trump reiterates that Iran will never have a nuclear weapon; says blockade against Iran has been effective15 hours ago
- Russia's Kremlin says US President Trump and Russian President Putin spoke on the phone; conversation was open and constructive and lasted one hour.15 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes3 hours ago
- US Secretary of State Rubio hoping to wrap up solid trade deals with Colombia, Ecuador, and Peru during visits14 hours ago
- Canada's Trade Minister says Canada is negotiating with Poland to sell nuclear energy tech and LNG15 hours ago
The whole workspace, free to try.
Try it free