PBoC sets USD/CNY mid-point at 6.8929 vs exp. 6.8884 (Prev. 6.8880)
The PBoC's setting of the USD/CNY mid-point at 6.8929, slightly higher than expectations, suggests a marginally weaker yuan relative to market forecasts.
PBoC injects CNY 1bln via 7-day reverse repos with the rate at 1.40%
Explosions reported near Iranian Revolutionary Guard base in southwestern Iran
PBoC sets USD/CNY mid-point at 6.8929 vs exp. 6.8884 (Prev. 6.8880)
PRE-MARKET CHINESE STOCKS NEWS: Chinese RatingDog Services & Composite PMI data is scheduled today, while Hong Kong markets are closed
Japanese Finance Minister Katayama says Japan has signalled its willingness to respond firmly to FX market fluctuations, adds prepared to respond on all fronts, bearing in mind that this volatility is affecting people's lives
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This could indicate the bank's intention to manage the currency within a broader context of economic policy, potentially impacting risk sentiment and capital flows as traders adjust to the new guidance.
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