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Breaking Posted 1 hour ago

China's central bank weakens yuan reference rate to 6.7910

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China's PBOC set the yuan midpoint at 6.7910 per dollar, weakening from 6.7730 at the previous close—a 0.26% depreciation. USD/CNH traders will watch for continued PBOC guidance, though current market focus remains on US rate-path repricing ahead of Tuesday's CPI print and META earnings July 29, which may overshadow single yuan adjustments.
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1 hour ago

China industrial output beats forecast at 5.3% YoY

China's industrial production rose 5.3% YoY, exceeding the 4.6% forecast and prior 4.5%, signaling stronger manufacturing momentum. USD/CNH and CNY pairs may weaken on improved China growth outlook, but impact remains secondary to Fed rate-path repricing and Tuesday's US CPI data.

https://x.com/financialjuice/status/2077211734926926131
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