PBoC is expected to set USD/CNY mid-point at 6.8414 (prev. 6.8608)
The PBoC's adjustment of the USD/CNY mid-point from 6.8608 to 6.8414 suggests a slightly weaker yuan is being supported, which may be the bank's response to recent economic trends or to stabilize export competitiveness.
BoK official says that we act if needed to stabilise financial markets and monitor the Middle East conflict
PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: Earnings from Lite-On and DBS Group
PBoC is expected to set USD/CNY mid-point at 6.8414 (prev. 6.8608)
[MARKET UPDATE] Asia-Pac bourses open mixed (ASX 200 -0.4%, Nikkei 225 -0.7%, KOSPI +0.7%), US equity futures continues to trade near session highs (NQ outperforming, +0.9%); DXY flat, USD/JPY retreats from 160.50; WTI modestly higher
Japanese Industrial Production YoY Prel (Mar) Y/Y 2.3% (Prev. 0.4%)
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This may have implications for USD/CNY dynamics and could influence other markets, including commodities and global risk sentiment as traders assess the broader monetary policy stance.
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