PBOC is expected to set the USD/CNY reference rate at 6.8282 – Reuters estimate
Earlier: – 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. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed […]
China imports set to overtake exports for first time since 2021 on AI chip surge
China’s import growth is forecast to hit a five-year high of 5% in 2026, overtaking export growth for the first time since 2021, driven by a surge in AI-related chip purchases. (Info via Bloomberg, gated). Summary China import growth forecast upgraded to 5% in 2026, a five-year high, more than double the 2.4% predicted in […]
Yankees To Promote Jasson Dominguez
The Yankees are calling Jasson Dominguez back up to the big leagues, according to reporter Francys Romero. The move will be made official prior to tomorrow’s game with the Rangers. Dominguez is already on the 40-man roster, and New York already has an opening on its 26-man roster since Luis Gil was optioned to Triple-A […]
