PBoC is expected to set USD/CNY mid-point at 6.9109 (prev. 6.9458)
The PBoC's adjustment of the USD/CNY mid-point to 6.9109 from the previous 6.9458 suggests a more accommodative stance, potentially reflecting a desire to support the yuan amid economic pressures.
Australian Investment Lending for Homes (Q4) 7.9% (Prev. 17.6%)
Australian Home Loans QQ (Q4) 9.5% vs Exp. 4.8% (Prev. 9.6%)
PBoC is expected to set USD/CNY mid-point at 6.9109 (prev. 6.9458)
Samsung Electronics (005930 KS) Chief Technology Officer says strong memory chip demand seen this year and extending into next year
[MARKET UPDATE] Asia-Pac stocks are positive but with some of the gains capped after the weak US lead and with the NFP report on the horizon, while participants also digest earnings in thinned conditions with Japanese markets shut for a holiday
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This move could shift market perceptions of currency stability and affect capital flows, with implications for USD dynamics and overall risk sentiment in the region.
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