PBoC is expected to set USD/CNY mid-point at 6.9292 (prev. 6.9929)
The PBoC's decision to adjust the USD/CNY mid-point notably lower suggests a more proactive stance in managing currency valuation, potentially to support exports or counteract inflationary pressures.
Express reports thousands of travellers have been forced to evacuate Miami Airport following reports of a security incident
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Simple Mart is to acquire OKmart for TWD 125mln
PBoC is expected to set USD/CNY mid-point at 6.9292 (prev. 6.9929)
US President Trump says administration is reviewing everything about the Minneapolis shooting and that immigration enforcement officers will at some point leave the area, according to WSJ
Hyundai Motor (005380 KS) Executive Chair Chung will accompany the South Korean delegation on its visit to Canada, according to Yonhap
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This move may influence market sentiment towards the RMB and impact capital flows, affecting both USD and broader Asian forex dynamics.
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