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🇨🇳💱 China FX Market Update — Big Signal from PBOC
The People’s Bank of China (PBOC) set the USD/CNY midpoint at 6.9533, stronger than the previous 6.9608, showing clear intent to support the yuan amid global currency volatility and shifting interest rate expectations.
📉 This stronger fixing suggests Chinese authorities are working to: ✅ Stabilize capital flows
✅ Limit excessive yuan weakness
✅ Boost investor confidence in China’s economy
🌍 With the US dollar showing mixed momentum and China focusing on economic recovery, traders will now watch closely for: 🔹 Further PBOC guidance
🔹 US macro data
🔹 Risk sentiment in Asian markets
📊 A firmer yuan could also help reduce imported inflation pressures and support regional currencies.

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