💰 The Chinese yuan softened with USDCNY hitting a 7-month high
📉 Initial weakness in the yuan due to a weak midpoint fix by the People’s Bank
🌍 Concerns over a trade war with the West impacting sentiment towards China
🏗 PBOC may need to let the yuan depreciate in the near-term
🚘 European tariffs on Chinese EVs causing tension and potential retaliatory tariffs
🔄 Offshore yuan weaker than onshore counterpart
💼 Concerns over a trade war with the West impacting sentiment
💰 Possibility of yuan depreciation in the near-term due to selling pressure
🇨🇳 PBOC attempting to maintain stability in yuan amidst market operations
🚗 Trade war concerns exacerbated by tariffs on Chinese electric vehicles
🌍 Europe a major market for Chinese EVs, stirring tensions
🤝 Talks between Chinese and German ministers over tariffs
🇨🇦 Canada considering curbs on Chinese EVs along with U.S. and EU
🇨🇳🇪🇺 Discussions between Chinese and German ministers regarding tariffs on Chinese EVs
🇨🇦 Canada may also impose curbs on Chinese EVs
💼 Tennessee state Democratic lawmaker and reproductive rights activist filed a lawsuit challenging a law banning adults from helping minors get an abortion without parental permission
🚔 The new law is set to go into effect on July 1, with potential jail time for those convicted of breaking it
✉️ Attorney general’s office did not immediately respond to requests for comment on the lawsuit
⚖️ Behn and Welty criticized the law for attempting to deter people from helping each other in times of need
Trade War Concerns and Yuan Devaluation:
💰 The Chinese yuan softened with USDCNY hitting a 7-month high
📉 Initial weakness in the yuan due to a weak midpoint fix by the People’s Bank
🌍 Concerns over a trade war with the West impacting sentiment towards China
🏗 PBOC may need to let the yuan depreciate in the near-term
🚘 European tariffs on Chinese EVs causing tension and potential retaliatory tariffs
🔄 Offshore yuan weaker than onshore counterpart
💼 Concerns over a trade war with the West impacting sentiment
💰 Possibility of yuan depreciation in the near-term due to selling pressure
🇨🇳 PBOC attempting to maintain stability in yuan amidst market operations
🚗 Trade war concerns exacerbated by tariffs on Chinese electric vehicles
🇨🇳🇪🇺 Discussions between Chinese and German ministers regarding tariffs on Chinese EVs
🌍 Europe a major market for Chinese EVs, stirring tensions
🤝 Talks between Chinese and German ministers over tariffs
🇨🇦 Canada considering curbs on Chinese EVs along with U.S. and EU
🇨🇦 Canada may also impose curbs on Chinese EVs
Abortion Law Challenge:
💼 Tennessee state Democratic lawmaker and reproductive rights activist filed a lawsuit challenging a law banning adults from helping minors get an abortion without parental permission
🚔 The new law is set to go into effect on July 1, with potential jail time for those convicted of breaking it
✉️ Attorney general’s office did not immediately respond to requests for comment on the lawsuit
⚖️ Behn and Welty criticized the law for attempting to deter people from helping each other in times of need