PBoC is expected to set USD/CNY mid-point at 6.8400 (prev. 6.8650)
The People's Bank of China (PBoC) is adjusting its USD/CNY mid-point setting to 6.8400 from the previous level of 6.8650, signaling a more favorable currency stance.
PRE-MARKET SINGAPORE STOCK NEWS: Updates from CapitaLand Investment & Singapore Airlines
Japanese Finance Minister Katayama says speculative activity is increasing due to oil prices and will take decisive action on speculative activity, based on the agreement with the US
PBoC is expected to set USD/CNY mid-point at 6.8400 (prev. 6.8650)
Taiwan regulator is to increase the equity exposure limit per stock to 25% from 10% for funds and ETFs
[MARKET UPDATE] Asia-Pac equities open mixed, with the Nikkei 225 (+0.5%) outperforming while ASX 200 lags (-0.1%); ES (+0.2%) and NQ (+0.6%) futures continue to climb, supported by INTC (+19.8%); DXY flat, JPY unreactive following hotter CPI and PPI
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This move could support the yuan and reflects the PBoC’s response to economic conditions, potentially affecting risk sentiment and cross-border flows. Traders should monitor how this adjustment influences market expectations regarding future rate paths and the broader implications for USD and emerging market currencies.
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