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The PBOC plans to set the USD/CNY midpoint rate at 7.1854, according to Reuters estimates.

The PBOC guides the yuan’s value through a managed system, adjusting a daily midpoint within a +/- 2% range. Traders must watch for deviations indicating potential interventions, especially amid external pressures. – vtmarketsmy.com

Dow Jones Industrial Average drops over 1,000 points amid rising Middle East tensions

The Dow plummeted over 1,000 points due to geopolitical tensions, despite positive consumer sentiment. Future Fed rate cuts are likely, emphasizing the importance of upcoming economic data for market stability. – vtmarketsmy.com

Trump suggests potential US role in Israel-Iran conflict while stressing current non-involvement

Trump indicated the US is not involved in the Israel-Iran conflict but hinted at potential future engagement. Traders should watch for volatility in markets as events unfold. – vtmarketsmy.com

Geopolitical tensions rise, leading to a decline of the Australian Dollar against the US Dollar due to various influences.

The AUD/USD is falling below 0.6500 amid rising geopolitical tensions and limited Australian economic data. As safe-haven demand for the US Dollar grows, riskier currencies like the AUD struggle. – vtmarketsmy.com

The South Korean government plans to help exporters with financial and shipping support due to trade concerns

South Korea’s Finance Ministry closely monitors markets as export pressures rise amidst trade tensions. With the won weakening, policymakers may intervene, balancing volatility with potential risk-reward opportunities. – vtmarketsmy.com

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