PBoC sets USD/CNY mid-point at 6.9194 vs exp. 6.9209 (Prev. 6.9223)
The PBoC's setting of the USD/CNY mid-point at 6.9194, which is stronger than the expected 6.9209 and the previous 6.9223, suggests a slightly more robust Chinese yuan.
US reportedly attacks large ammunition depot in Isfahan, Iran, according to WSJ
PRE-MARKET CHINESE STOCKS NEWS: Chinese big bank earnings results and official PMIs eyed
PBoC sets USD/CNY mid-point at 6.9194 vs exp. 6.9209 (Prev. 6.9223)
BoK Governor nominee Shin sees Middle East crisis as risk to the Korean economy and says inflationary pressure from extra budgets is limited, adds KRW liquidity is good and external factors affecting KRW have improved considerably
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: OUE Limited (OUE SP) expects “material variances” between its unaudited interim financial statements for FY 2025 and its audited statements due for release soon
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This could reflect the central bank's attempts to stabilize the currency and may influence market sentiments regarding China's economic health and its impact on trade dynamics.
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