PBoC sets USD/CNY mid-point at 6.8431 vs exp. 6.7946 (prev. 6.8426)
The PBoC's decision to set the USD/CNY midpoint significantly above expectations signals a stronger dollar relative to the yuan than anticipated.
PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
NVIDIA (NVDA) CEO Huang is said to join US President Trump's trip to China, contrary to prior reports, according to sources
PBoC sets USD/CNY mid-point at 6.8431 vs exp. 6.7946 (prev. 6.8426)
New Zealand PM Luxon says spending on new initiative will amount to NZD 2.1bln, undershooting the December target by around NZD 300mln, also says government remains focused on lowering debt to about 40% of GDP and restoring operating surplus by FY28/29
PRE-MARKET CHINESE STOCKS NEWS: JD.com (9618 HK) Q1 2026 (USD) EPS 0.74 (exp. 0.57), rev. 45.8bln (exp. 45.6bln), net CNY 5.1bln (prev. 10.9bln Y/Y)
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This adjustment may reflect ongoing concerns about capital outflows or economic weakness in China, which could lead to a more cautious stance in future monetary policy. Traders should monitor reactions across the FX landscape and any potential implications for global trade flows and risk sentiment.
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