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PBoC sets USD/CNY mid-point 6.7795 at vs Exp. 6.7086 (prev. 6.7787)

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The PBoC set the USD/CNY midpoint at 6.7795 versus 6.7086 expected, continuing its effort to counter rapid yuan appreciation and support export growth.

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Geopolitics

Iran warns South Korea against Hormuz deployment and threatens to target South Korean assets if Seoul joins the mission

Geopolitics

Iran's Foreign Ministry says the US-led war is disrupting global oil trade and costs, also says US aggression is causing instability in the Hormuz Strait

Market Analysis

[MARKET UPDATE] US index futures begin the week rangebound, while oil prices are mildly underpinned after the US and Iran launched tit-for-tat strikes on vessels in the Strait of Hormuz over the weekend