PBoC sets USD/CNY mid-point at 6.8582 vs exp. 6.8096 (Prev. 6.8593)
The PBoC's setting of the USD/CNY mid-point at 6.8582, notably above market expectations at 6.8096, suggests a more cautious stance regarding the yuan's strength.
PBoC injects CNY 0.5bln via 7-day reverse repos with the rate at 1.40%
BoK Governor nominee Shin says South Korea inflation is to accelerate and external risks pose uncertainty
PBoC sets USD/CNY mid-point at 6.8582 vs exp. 6.8096 (Prev. 6.8593)
PRE-MARKET CHINESE STOCKS NEWS: PBoC announced it will conduct CNY 500bln of 183-day outright reverse repos for today
Chinese President Xi is to meet with Russian Foreign Minister Lavrov in Beijing, according to CCTV
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This could indicate a potential for further depreciation of the CNY, impacting risk sentiment and influencing capital flows towards the USD, particularly as it deviates from prior levels.
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