PBOC is expected to set the USD/CNY reference rate at 6.8369 – Reuters estimate
News brief
PBOC CNY reference rate setting for the trading session ahead. The big news so far today:TRUMP HAS AGREED TO SUSPEND IRAN BOMBING FOR TWO WEEKSIran confirms US talks, says ceasefire hinges on finalising 10-point deal---Meanwhile, other news continues. The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US…
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
PBOC CNY reference rate setting for the trading session ahead. The big news so far today:TRUMP HAS AGREED TO SUSPEND IRAN BOMBING FOR TWO WEEKSIran confirms US talks, says ceasefire hinges on finalising 10-point deal---Meanwhile, other news continues. The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US… The big news so far today: . TRUMP HAS AGREED TO SUSPEND IRAN BOMBING FOR TWO WEEKS Iran confirms US talks, says ceasefire hinges on finalising 10-point deal --- . The big news so far today: TRUMP HAS AGREED TO SUSPEND IRAN BOMBING FOR TWO WEEKS Iran confirms US talks, says ceasefire hinges on finalising 10-point deal --- Meanwhile, other news continues. The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets.… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
