PBoC sets USD/CNY mid-point at 6.8680 vs exp. 6.8369 (Prev. 6.8854)
The PBoC's decision to set the USD/CNY mid-point at 6.8680, significantly stronger than market expectations, suggests a more supportive stance for the yuan.
Israeli military official says Israel is still striking Iran, according to CNN
Recap of US-Iran two-week ceasefire agreement headlines
PBoC sets USD/CNY mid-point at 6.8680 vs exp. 6.8369 (Prev. 6.8854)
SK Hynix (000660 KS) is to supply advanced storage solution designed for AI PCs to Dell (DELL)
China used intermediaries in Iran ceasefire push and had urged Iran to seek a ceasefire with the US, according to AP sources
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This move may signal the central bank's intent to bolster currency stability amid ongoing economic pressures, potentially impacting risk sentiment and influencing USD positioning across asset classes.
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