PBoC sets USD/CNY mid-point at 6.8415 vs exp. 6.7976 (prev. 6.8401)
The PBoC's setting of the USD/CNY mid-point at 6.8415, significantly above expectations, suggests a more stringent approach to managing the yuan.
India raises petrol and diesel prices by INR 3/litre
PRE-MARKET CHINESE STOCKS NEWS: US reportedly approved around 10 Chinese firms to buy NVIDIA H200 chips, Chinese New Yuan Loans unexpectedly contracted in April
PBoC sets USD/CNY mid-point at 6.8415 vs exp. 6.7976 (prev. 6.8401)
US President Trump says just a question of time regarding Iran
Australia sells AUD 1bln 1.00% December 2030 bonds b/c 3.69, avg yield 4.7049%
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This decision may reflect concerns over Yuan stability or economic pressures, which could influence investor sentiment and impact USD/CNY trading dynamics. Traders should watch for potential reactions in the forex market as well as implications for U.S.-China trade relations and broader risk sentiment.
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