PBoC is expected to set USD/CNY mid-point at 6.8773 (prev. 6.8929)
The PBoC's move to adjust the USD/CNY mid-point lower suggests a proactive stance in stabilizing the yuan amidst ongoing global pressures.
Iran launches new batch of missiles towards southern Israel
Israeli military says it completed airstrike wave aiming to damage Iranian terror regime infrastructure in Tehran and additional areas across Iran
PBoC is expected to set USD/CNY mid-point at 6.8773 (prev. 6.8929)
US House Democrat Ansari intends to introduce articles of impeachment against Secretary of War Hegseth, cites Iran war and war crimes as grounds for Hegseth impeachment, according to NBC
Japanese PM Takaichi says in parliament says in Parliament, want to take next step in talks with Iran and is strongly urging Iran to allow Hormuz safe passage, while she is seeking phone talks with the presidents of US and Iran
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This setting may indicate an intention to support export competitiveness and could influence market expectations around currency flow and risk appetite, especially concerning the broader context of U.S.-China relations and potential rate divergences. Traders should monitor how this affects the USD strength and broader FX pairs.
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