PBoC sets USD/CNY mid-point at 6.8635 vs exp. 6.8233 (Prev. 6.8594)
The People's Bank of China (PBoC) has set the USD/CNY mid-point significantly weaker than expectations, indicative of a dovish shift in policy.
PBoC injects CNY 6bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: CATL (300750 CH) unveiled the third generation of its Shenxing battery cell, which can charge to 98% in six minutes and offers a 1000 km driving range
PBoC sets USD/CNY mid-point at 6.8635 vs exp. 6.8233 (Prev. 6.8594)
Australia sells AUD 1bln 3.75% April 2037 bonds, b/c 3.63, avg. yield 4.9884%
US President Trump considers extending waivers to ease US oil shipments, according to Axios
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