PBoC is expected to set USD/CNY mid-point at 6.9144 (prev. 6.9025)
The People's Bank of China (PBoC) setting the USD/CNY mid-point at 6.9144, higher than the previous 6.9025, suggests a slight easing of the yuan's strength against the dollar.
Qatari Ministry of Defense announced armed forces responded to a missile attack
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) aims to hire 8,000 more employees this year to meet its expansion needs
PBoC is expected to set USD/CNY mid-point at 6.9144 (prev. 6.9025)
Bahrain Interior Ministry announced sirens have been sounded, while it urges citizens and residents to remain calm and head to the nearest safe place
US Secretary of War Hegseth reiterates that US strikes on Iran are only just the beginning during a CBS 60 Minutes interview
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This adjustment may signal the PBoC's intent to manage currency appreciation and support exports amid ongoing economic challenges. Traders should watch for potential implications on the broader FX market, particularly in relation to risk sentiment and the USD's relative strength.
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