PBoC sets USD/CNY mid-point at 6.9570 vs exp. 6.9468 (Prev. 6.9533)
The People's Bank of China (PBoC) setting the mid-point for USD/CNY above expectations may indicate a more cautious stance on the currency's strength.
[MARKET UPDATE] Metal prices give wiped out their initial gains with spot gold and spot silver pulling back after briefly reclaiming the USD 5,000/oz and USD 90/oz levels, respectively
PRE-MARKET CHINESE STOCKS NEWS: US President Trump and Chinese President Xi had an 'excellent' phone call
PBoC sets USD/CNY mid-point at 6.9570 vs exp. 6.9468 (Prev. 6.9533)
Philippine Inflation Rate MoM (Jan) M/M 0.8% vs. Exp. 0.5% (Prev. 0.9%)
Philippine Inflation Rate YoY (Jan) Y/Y 2.0% vs. Exp. 1.8% (Prev. 1.8%)
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This divergence between the actual setting and market expectations could inject volatility into the CNY and impact sentiment in broader Forex markets, particularly affecting risk assets and ongoing monetary policy discussions.
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