PBoC is expected to set USD/CNY mid-point at 6.8313 (prev. 6.8649)
Context
The PBoC's decision to set the USD/CNY mid-point lower than the previous rate indicates a potential shift in its currency policy, likely aimed at stabilizing the yuan. This adjustment may influence investor sentiment in forex markets and could impact broader risk sentiment alongside expectations for PBoC monetary policy direction going forward.
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