PBoC sets USD/CNY mid-point at 6.7917 vs exp. 6.7706 (prev. 6.7948)
The PBoC's setting of the USD/CNY mid-point at 6.7917, well above expectations, may indicate a cautious stance toward the yuan.
PBoC injects CNY 253bln via 7-day reverse repos with rate maintained at 1.40%
US CENTCOM says it finished the latest strikes against Iran in which US forces struck Iranian military command centers, maritime capabilities, missile and drone launch sites and air defense systems to degrade Iran's ability to continue attacking vessels
PBoC sets USD/CNY mid-point at 6.7917 vs exp. 6.7706 (prev. 6.7948)
Japan's Trade Minister Akazawa says many unknowns around Saudi naval blockade and deterioration in Middle East situation is concerning, although he added that they have secured sufficient oil supply for Japan as a whole
Samsung Electronics (005930 KS) is to set up a robotics division and research bases in the US, China and Japan
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This adjustment, with reference to the previous level, suggests the central bank is managing the currency amidst external pressures, which could have implications for trade dynamics and broader risk sentiment in Asia as markets digest the new guidance.
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