PBoC is expected to set USD/CNY mid-point at 7.9926 (prev. 7.0187)
The PBoC's decision to set the USD/CNY mid-point significantly higher suggests a more cautious approach amid ongoing economic pressures.
Australian Balance of Trade (Nov) 2.936B vs. Exp. 4.9B (Prev. 4.385B )
Australian Exports MoM (Nov) M/M -2.9% (Prev. 3.4% )
PBoC is expected to set USD/CNY mid-point at 7.9926 (prev. 7.0187)
OpenAI reserves USD 50bln for stock grant pool, according to The Information
[MARKET UPDATE] Asia-Pac stocks are mostly subdued as the region follows suit to the losses on Wall St where the S&P 500 and DJIA pulled back from record highs, while US President Trump took aim at the housing and defence industries
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This change could reflect a shift in policy stance or market conditions and may influence cross-border flows, impacting both Chinese exports and the broader FX landscape.
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