PBoC sets USD/CNY mid-point at 6.9678 vs exp. 6.9459 (Prev. 6.9771)
The PBoC's decision to set the USD/CNY mid-point higher than expected could indicate a more dovish stance towards the yuan, especially given the previous setting.
PRE-MARKET CHINESE STOCKS NEWS: Alibaba (9988 HK) reportedly attracted more than 400 clients for its new chip
London Metal Exchange delays market opening due to technical issues, according to Bloomberg
PBoC sets USD/CNY mid-point at 6.9678 vs exp. 6.9459 (Prev. 6.9771)
US President Trump says it is ‘very dangerous’ for the UK to get into business with China and even more dangerous for Canada to get into business with China
US President Trump says he plans to have talks with Tehran and there are big, powerful ships going to Iran, he hopes they don't have to use them
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This adjustment might reflect ongoing concerns about economic stability or trade dynamics and could influence expectations for future policy moves, particularly in terms of interest rate differentials between the USD and CNY.
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