forex markets

The Bank of Korea said it will closely monitor financial and foreign exchange markets, signalling heightened vigilance over market volatility and currency movements. The statement puts markets on watch for potential policy responses if swings in the won or asset prices become disorderly.

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.