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PBoC is expected to set USD/CNY mid-point at 6.9710 (prev. 6.9678)

The slight adjustment of the PBoC's USD/CNY mid-point to 6.9710 from 6.9678 indicates a marginally weaker yuan relative to the dollar.

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Korea (Republic of) S&P Global Manufacturing PMI (Jan) 51.2 (Prev. 50.1)

Thai S&P Global Manufacturing PMI (Jan) 58.3 (Prev. 57.4)

PBoC is expected to set USD/CNY mid-point at 6.9710 (prev. 6.9678)

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Australian MI Inflation Gauge YY (Jan) 3.6% (Prev. 3.5%)

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Context

This adjustment could suggest the central bank's intention to manage currency strength amidst economic conditions, potentially affecting cross-border trade and market sentiment. Traders should consider how this might interplay with the broader USD trends and any implications for monetary policy in both the US and China.

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