PBoC sets USD/CNY mid-point at 6.9056 vs exp. 6.9108 (Prev. 6.8911)
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PBoC injects CNY 224bln via 7-day reverse repos with the rate at 1.40%
Some Arab sources report an explosion at the US base in Kuwait, according to SNN
PBoC sets USD/CNY mid-point at 6.9056 vs exp. 6.9108 (Prev. 6.8911)
BoJ Governor Ueda is to appear in parliament from 10:45 local time (01:45GMT/21:45EDT)
US President Trump told aides he wants a speedy end to the Iran war and wants to wrap up the conflict in the coming weeks, according to WSJ
On the Newsquawk feed at , 20 minutes before this page.
Context
The PBoC's setting of the USD/CNY mid-point at 6.9056, which is stronger than expectations, suggests a more supportive stance towards the yuan relative to the forecasted level. This could indicate a possible effort to stabilize the currency amid economic pressures, potentially affecting capital flows and risk sentiment across Asian markets. Traders may see this as a cue for dollar strength versus the yuan, impacting related Forex pairs and commodities.
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