PBoC is expected to set USD/CNY mid-point at 6.8884 (prev. 6.8880)
The PBoC's decision to set the USD/CNY mid-point slightly higher suggests a cautious stance on currency management, which may reflect ongoing trade dynamics and capital flow considerations.
Chinese small and medium-sized banks are said to be lowering deposit rates again in an effort to reduce funding costs and stabilise margins
Anthropic acquires startup Coefficient Bio for about USD 400mln, according to The Information
PBoC is expected to set USD/CNY mid-point at 6.8884 (prev. 6.8880)
Iranian media reports airstrikes on several areas including Tehran, Shiraz, Qom, Mashhad and Banda Abbas
Israeli Home Front reports detection of Iranian missile launches towards central Israel
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This marginal adjustment may not be significant, but it indicates that the central bank is vigilant about maintaining stability in the yuan amid global economic conditions, potentially influencing short-term market sentiment in FX and risk assets.
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