PBoC is expected to set USD/CNY mid-point at 6.8773 (prev. 6.8975)
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PBoC is expected to set USD/CNY mid-point at 6.8773 (prev. 6.8975)
White House posts Fact Sheet on US-Japan alliance and stated it welcomes a second tranche of Japanese investments and that US and Japan reached a critical minerals action plan
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hongkong Land (HKL SP) acquires a 10.8% stake in Suntec Real Estate Investment Trust (SUN SP) for SGD 541mln
On the Newsquawk feed at , 20 minutes before this page.
Context
The PBoC's decision to set the USD/CNY mid-point lower at 6.8773, compared to the previous 6.8975, suggests a firmer stance on the yuan. This could indicate the central bank's efforts to support the currency amidst external pressures, potentially affecting trade dynamics and market sentiment, especially in relation to USD strength.
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