PBoC is expected to set USD/CNY mid-point at 6.9045 (prev. 6.9457)
The PBoC is adjusting the USD/CNY mid-point to 6.9045 from the previous 6.9457, signaling a stronger yuan amid current economic conditions.
BoK Governor Rhee and South Korean Finance Minister Koo said to strengthen bond market monitoring
Apple (AAPL) wins long-running court battle against Optus regarding 4G patents in the US, according to Electrek
PBoC is expected to set USD/CNY mid-point at 6.9045 (prev. 6.9457)
Fed's Miran (voter) says some of the concern he has on labour markets is a little less than he had before, adds a range of policies are pushing out the supply of the economy and will increase economic growth in a non-inflationary way
[MARKET UPDATE] Asia-Pac stocks begin mostly lower as the region follows suit to the losses stateside where tech underperformed as AI-disruption concerns re-emerged
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This move may reflect the central bank's strategy to control the currency's depreciation and stabilize financial markets, impacting forex markets and potentially influencing the broader risk sentiment in Asia and beyond.
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