PBoC is expected to set USD/CNY mid-point at 6.9089 (prev. 6.9056)

Newsquawk StaffPublished
Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Japanese Finance Minister Katayama announces measures to ensure stable business funding and will hold a meeting on financial aid amid the Middle East crisis

PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Hon Hai Precision Industry (2317 TT) unit Ingrasys (Singapore) Pte. acquired a stake in Fulian Precision Technology Component for USD 287.1mln

PBoC is expected to set USD/CNY mid-point at 6.9089 (prev. 6.9056)

Arab sources report missile attacks against American bases in the UAE, according to SNN

US is considering sending up to 10,000 additional ground troops to the Middle East, according to WSJ

On the Newsquawk feed at , 20 minutes before this page.

Use the PlatformFree. No signup, no card.

Context

The People's Bank of China (PBoC) adjusting the USD/CNY mid-point to 6.9089 indicates a slight depreciation of the yuan against the dollar compared to the previous setting. This shift may reflect the central bank's easing stance amid ongoing economic pressures, and could influence market perceptions of risk and capital flows in the region. Traders should watch for potential reactions in related currencies and commodities, as this change may impact cross-border trade dynamics.

Related headlines

The feed had this first.

Use the Platform