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- 1
The People's Bank of China set its daily USD/CNY central parity rate at a firmer level, a move analysts read as the central bank tightening its management of the yuan and signalling it is uncomfortable with recent currency weakness. Markets watch the daily fix closely for clues on Beijing's stance, and a stronger setting can lift the renminbi, affect regional currencies, and shift sentiment across Asian equities and commodity trades.
- 2Melania Trump and Peng Liyuan Tour Smithsonian Asian Art Museum●First Lady Melania Trump and Madame Peng Liyuan Visit Smithsonian National Museum of Asian Art
First Lady Melania Trump and Madame Peng Liyuan, wife of China's leader, visited the Smithsonian National Museum of Asian Art in Washington, D.C. The joint visit by the two spouses was announced by the U.S. Embassy in China. The cultural outing is being noted as a gesture of goodwill and a symbolic moment in US-China relations, drawing attention to the museum's Asian art collections.
- 3PBOC expected to set yuan reference rate at 6.7085●PBOC is expected to set the USD/CNY reference rate at 6.7085 – Reuters estimate
China's central bank is expected to fix the USD/CNY daily reference rate at 6.7085, according to a Reuters estimate. The PBOC sets the yuan's midpoint each trading day, and traders watch the fix closely for signals on official policy toward the currency and the wider economy. The expected level is being picked up by forex market observers ahead of the announcement.