PBoC sets USD/CNY mid-point at 6.8375 vs exp. 6.7909 (prev. 6.8435)
The People's Bank of China (PBoC) setting the USD/CNY mid-point above expectations indicates a more cautious approach to the CNY valuation, potentially reflecting economic concerns or a desire to manage capital flows.
PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
Chinese President Xi told US President Trump during their talks last week that Russian President Putin might end up regretting his invasion of Ukraine, according to FT
PBoC sets USD/CNY mid-point at 6.8375 vs exp. 6.7909 (prev. 6.8435)
Samsung Electronics (005930 KS) union and management have reportedly narrowed some of their differences, according to the media
PRE-MARKET CHINESE STOCKS NEWS: Baidu (9888 HK) Q1 (USD) EPS 12.06 (exp. 11.84), rev. 4.65bln (exp. 4.66bln)
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This adjustment may influence trader sentiment in the FX markets, particularly for USD and CNY pairs, impacting broader risk sentiment and possibly affecting other currencies linked to the region.
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