PBoC sets USD/CNY mid-point at 6.8502 vs exp. 6.8138 (prev. 6.8487)
The PBoC's setting of the USD/CNY mid-point at 6.8502, significantly above market expectations, suggests a more subdued stance on the renminbi, potentially indicating a desire to weaken the currency amid global pressures.
[MARKET ANALYSIS] Crude futures pare back some of its post-settlement gains as tensions in the Middle East calm
PBoC injects CNY 500mln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8502 vs exp. 6.8138 (prev. 6.8487)
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US VP Vance expressed concern to tech CEOs over new AI models which can autonomously find software vulnerabilities, WSJ reports
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This adjustment may reflect concerns over economic performance and could impact currency flows, risk sentiment, and broader cross-asset correlations, especially if the depreciation trend continues.
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