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USD/CNY stayed near 6.78 as China used oil reserves, stabilizing yuan amid inflation divergence and volatility.
Seoul tightens FX oversight as won weakens, targeting speculation, capping USD/KRW, boosting volatility, prompting defensive positioning.
UOB stays neutral on USD/CNH, expecting range-bound consolidation near-term, with a modest bias to drift lower.
Russia’s trade surplus narrowed to $11.431bn in April, signaling weaker inflows, pressuring ruble amid oil softness.
Rupee weakens as crude jumps on US-Iran tensions; FIIs sell heavily, USD/INR nears 95.75 ahead CPI.
USDCNH analysis: Offshore yuan softens as US inflation, Fed risks, and dividend FX demand shape the next CFD trading setup.
PBoC set weaker yuan fixing, signaling tolerance for depreciation; policy divergence supports higher USD/CNY, prompting option positioning.
South Africa’s Q1 growth beats forecasts, but weak private demand and external shocks threaten rand stability.
PBoC fixed USD/CNY at 6.8130, signaling controlled yuan weakness, supporting growth and enabling volatility-selling strategies amid headwinds.
Indonesia reserves slip to $144.9bn as BI backs rupiah; volatility rises, prompting tighter policy and options.
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