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The PBOC is predicted to establish the USD/CNY reference rate at 7.2495 around 0115 GMT.

The PBOC sets the yuan’s midpoint daily, allowing a 2% fluctuation band while intervening to maintain stability.

Francois Villeroy de Galhau indicated the ECB might lower deposit rates to 2% this summer.

ECB may cut deposit rate to 2% by summer; QE weakens Euro, while QT strengthens it.

TD Securities predict more aggressive Bank of England rate cuts, potentially weakening GBP despite current optimism.

GBP may face pressure as the BOE cuts rates faster than expected, with potential risks from trade policies.

Jose Luis Escriva emphasised that interest rate direction remains uncertain, urging cautious monetary policy adjustments.

Jose Luis Escriva stresses caution in monetary policy amid uncertainty, with the ECB assessing decisions meeting-to-meeting.

The Bank of Japan remains unconcerned about gradual increases in bond yields unless they spike sharply.

BOJ remains unconcerned about gradual bond yield increases, allowing market forces to dictate long-term rates.

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