PBoC sets USD/CNY mid-point at 7.0064 vs exp. 6.9678 (prev. 7.0120)
The PBoC's setting of the USD/CNY mid-point at 7.0064, significantly above the expected 6.9678, indicates a more depreciative stance on the yuan than anticipated.
Iran has extended its airspace closure NOTAM until 03:30 UTC (~2 hours from now)
Taiwan’s government says Taiwan and the US have previously held multiple discussions and reached consensus on preferential tariff treatment for semiconductors and related products under Section 232
PBoC sets USD/CNY mid-point at 7.0064 vs exp. 6.9678 (prev. 7.0120)
US President Trump says it would be better for Venezuela to remain in OPEC but is unsure if this would be beneficial to the US
US President Trump says Iran's government could fall due to unrest but "any regime can fail"
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This divergence could reflect a shift in the PBoC's intervention strategy or growth concerns, potentially impacting risk sentiment and capital flows across Asia. Traders may watch for further implications on USD strength against other currencies, particularly amid economic data releases and geopolitical events.
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