PBoC sets USD/CNY mid-point at 6.9041 vs exp. 6.8928 (Prev. 6.8898)
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PBoC injects CNY 8bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Earnings from Sinopec, China CITIC Bank & Ping An Bank
PBoC sets USD/CNY mid-point at 6.9041 vs exp. 6.8928 (Prev. 6.8898)
Saudi Aramco cuts crude oil supplies to Asian buyers for April loading
Israel reported sirens sounded in the eastern sector of the border with Lebanon after missiles were detected, according to Al Arabiya
On the Newsquawk feed at , 20 minutes before this page.
Context
The PBoC's setting of the USD/CNY mid-point higher than expected indicates a slight devaluation of the yuan, which might reflect concerns about capital outflows or economic pressures. This could lead to a recalibration of expectations in the forex market, influencing the broader sentiment towards risk assets and potentially impacting global dollar strength.
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