PBoC sets USD/CNY mid-point at 6.9457 vs exp. 6.9153 (Prev. 6.9438)
The People's Bank of China (PBoC) setting the USD/CNY mid-point at 6.9457, notably above both the expectation and the previous rate, signals a broader context of Yuan depreciation against the Dollar.
PRE-MARKET CHINESE STOCKS NEWS: US President Trump and Chinese President Xi are poised to extend the trade truce by up to a year during their expected April meeting in Beijing
PBoC injects CNY 166.5bln via 7-day reverse repos with the rate at 1.40% and CNY 400bln via 14-day reverse repos with the rate at 1.65%
PBoC sets USD/CNY mid-point at 6.9457 vs exp. 6.9153 (Prev. 6.9438)
China's top trade negotiator met with Westinghouse Electric Company CEO on Tuesday
Pentagon is said to be pushing to integrate AI chatbots into classified networks
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This adjustment may reflect an intention to support economic stability amidst ongoing global challenges, potentially influencing market sentiment and cross-asset flows in both Asia and beyond.
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