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PBoC is expected to set USD/CNY mid-point at 6.9459 (prev. 6.9771)

The People's Bank of China (PBoC) is setting the USD/CNY mid-point lower than the previous reference, indicating a potential attempt to stabilize the yuan or mitigate depreciation pressures.

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PBoC is expected to set USD/CNY mid-point at 6.9459 (prev. 6.9771)

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This adjustment could reflect the PBoC's ongoing policy stance and may influence risk sentiment in Asian markets, potentially affecting flows into other assets like equities and commodities.

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