PBoC sets USD/CNY mid-point at 6.8401 vs exp. 6.7888 (prev. 6.8431)
The PBoC's setting of the USD/CNY mid-point significantly deviates from market expectations, indicating a stronger yuan than anticipated.
[MARKET ANALYSIS] Oil trades rangebound after the recent choppy mood and as all focus turns to the Trump-Xi summit
PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8401 vs exp. 6.7888 (prev. 6.8431)
US Treasury Secretary Bessent says he noted South Korea’s strong economic performance and affirmed US commitment to advancing economic cooperation between their nations during broad-ranging discussion with South Korean President Lee
ACCC says court finds Coles (COL AT) misled customers over discount claims
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This adjustment could reflect the central bank's attempts to manage currency volatility amid ongoing trade tensions. Traders should consider potential implications for the USD and broader risk sentiment, particularly in light of the dollar's recent movements.
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