PBOC sets USD/CNY mid-point at 6.8349
The People’s Bank of China has set the USD/CNY mid-point at 6.8349.
The yuan is allowed to fluctuate within a +/- 2% range around this reference rate.
Australian banks have boosted provisions by $541M amid Middle East war risks and AI complexity.
Japan’s flash composite PMI eased to 51.1 in May, a five-month low, as services activity stalled.