PBoC is expected to set USD/CNY mid-point at 6.8395 (prev. 6.8654)
The PBoC's decision to set the USD/CNY mid-point lower at 6.8395 suggests a more supportive stance for the yuan, likely aimed at stabilizing the currency amidst economic pressures.
India is to relax market access for European-standard medical devices
Taiwan will carry out new drills in coming weeks to ensure the island has access to vital supplies in the event of a Chinese blockade
PBoC is expected to set USD/CNY mid-point at 6.8395 (prev. 6.8654)
US Southern Command says five narco terrorists were eliminated in strikes carried out on two vessels in the Eastern Pacific on Saturday
South Korea April 1st-10th exports rose 36.7% Y/Y, Imports rose 12.7% Y/Y and Trade Balance at a provisional surplus of USD 3.1bln
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This shift may indicate the PBoC's intent to enhance competitiveness or respond to external market conditions, impacting sentiment in the forex market and possibly influencing cross-asset movements.
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