PBoC is expected to set USD/CNY mid-point at 6.8369 (prev. 6.8854)
The PBoC's decision to set the USD/CNY mid-point at 6.8369, a notable shift from the previous 6.8854, signals a stronger Chinese yuan and may be viewed as a move to support currency stability amid external pressures.
US President Trump posts "The alleged Statement put out by CNN World News is a FRAUD, as CNN well knows...The Official Statement by Iran was just released, and posted on TRUTH"
Saudi Arabia civil defence issues early warning in Riyadh to alert of potential danger
PBoC is expected to set USD/CNY mid-point at 6.8369 (prev. 6.8854)
Kuwait says air defences are intercepting hostile targets
Pakistan's President invites US and Iran delegates to Islamaabd on Friday, while reports also noted that EU envoys Witkoff, Kushner and VP Vance is expected to attend US-Iran talks
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This adjustment could affect market expectations for monetary policy and impact other currencies, particularly in relation to USD flows in Asia.
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