PBoC is expected to set USD/CNY mid-point at 6.8282 (prev. 6.8579)
Context
The People’s Bank of China (PBoC) is expected to adjust the USD/CNY mid-point to 6.8282 from the previous 6.8579. This demonstrates a strengthened yuan, which may aim to provide support against external pressures, impacting dollar flows and overall market sentiment towards risk assets. Watch for possible implications on trade and interest rate expectations in both China and the U.S.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#CHINA#CNY#JAPAN#UNITED KINGDOM#ASIA#PBOC#FOREX#FIXED INCOME#ASIAN SESSION#CENTRAL BANK#USD/CNY#DXY