USD/CNH refreshes intraday low to $6.3467, down 0.05% on a day during early Thursday following People’s Bank of China’s rate cut. PBOC surprised markets by the first cut in the 5-year Loan Prime Rate (LPR), by 5 basis points (bps) to 4.60% in 21 months. US President Biden touched various risk-sensitive issues ranging from Russia to China, not forget Fed. US Jobless Claims, Philadelphia Fed Manufacturing Survey for January and Existing Home Sales for December will decorate today’s calendar. US 10-year Treasury yields pare the early Asian session gains but stay positive around 1.845%, up 1.8 bps. . . .
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