PBoC sets USD/CNY mid-point at 6.9458 vs exp. 6.9135 (Prev. 6.9523)
The People's Bank of China (PBoC) has fixed the USD/CNY mid-point significantly higher than expected, indicating a more dovish stance in its currency management.
PBoC injects CNY 311.4bln via 7-day reverse repos with the rate at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Chinese President Xi urged domestic technology self-reliance and innovations
PBoC sets USD/CNY mid-point at 6.9458 vs exp. 6.9135 (Prev. 6.9523)
FTSE Russell postpones March stock index review for Indonesia, according to Bloomberg TV
China released a white paper on Hong Kong's practice of safeguarding national security, according to Xinhua
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This adjustment suggests the central bank may be prioritizing economic stability amid pressures, which could influence market sentiment on the yuan and risk appetite across other asset classes.
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