<div id="readability-page-1"><ul><li>Apple to move some Mac mini production to Houston in 2026 – WSJ</li><li>China adds 20 Japanese firms to export control list, tightening dual-use trade</li><li>China stocks jump as U.S. tariff ruling boosts export hopes</li><li>USD/CNY drops to 2½-year low as onshore yuan surges</li><li>China holds loan prime rates steady as growth slows and yuan firms</li><li>PBOC sets USD/ CNY reference rate for today at 6.9414 (vs. estimate at 6.9249)</li><li>People's Bank of China sets 1 and 5 year Loan Prime Rates (LPRs) unchanged</li><li>Bank of Korea meet Feb 26 - preview: To hold rates at 2.50% through 2026 (Reuters poll)</li><li>Bessent led yen rate check amid Japan election volatility – Nikkei</li><li>Goldman Sachs forecasts $5,400 gold on central bank demand and Fed cuts</li><li>Trump considers new Section 232 tariffs after Supreme Court ruling</li><li>Australia January CPI preview: core inflation steady, electricity lifts headline</li><li>Swiss franc: Rabobank and UBS see CHF strength persisting (Rabo EUR/CHF 0.91 forecast)</li><li>investingLive Americas FX news wrap 23 Feb: USD is mixed as markets react to tariff news</li><li>UBS targets USD 6,200 gold on Fed cuts and elevated geopolitical risk</li><li>Major US stock indices close lower as markets ponder uncertainty from tariffs</li></ul>At a glance:<ul><li>Fresh Section 232 tariff talk adds marginal trade uncertainty</li><li>Confusion lingers over Trump’s 15% flat tariff vs 10% regulation level</li><li>PBOC holds LPRs steady at 3.0% (1Y) and 3.5% (5Y)</li><li>China adds 20 Japanese firms to dual-use export watch list</li><li>Apple to shift some Mac Mini production to Houston</li><li>FedEx sues over Trump-era tariffs</li><li>Onshore yuan hits strongest level in nearly three years</li><li>Chinese equities rally; USD slightly firmer; gold slips below 5200</li></ul>There was no shortage of headlines during the session, though market impact varied.Trade uncertainty ticked higher after reports that President Trump is considering expanded, sector-specific Section 232 tariffs. While the proposals add another layer of policy ambiguity, the broader trade framework remains fluid and the immediate market impact appears marginal for now. Confusion also persists around the administration’s touted 15% flat tariff, with reports suggesting regulations still reflect a 10% level.Japan is reportedly seeking assurances that the new tariff regime currently being drafted will not prove more punitive than existing arrangements, with other trading partners pursuing similar clarifications.In China, the People's Bank of China left its one-year and five-year Loan Prime Rates unchanged at 3.0% and 3.5%, respectively. The steady policy stance underscores Beijing’s cautious balancing act between supporting growth and maintaining currency stability amid strengthening pressure.Meanwhile, China’s Commerce Ministry added 20 Japanese entities to an export control watch list, banning exports of dual-use items without licences, a move that adds to ongoing Japan–China tensions.Corporate headlines included Apple confirming it will move some Mac Mini production to Houston from Asia, part of a broader supply-chain diversification push. Separately, FedEx filed suit in the U.S. Court of International Trade seeking refunds for tariffs it argues were imposed illegally.In FX, China’s onshore yuan climbed to its strongest level against the dollar in nearly three years as traders returned from a nine-day holiday. The move was supported by renewed dollar softness and expectations that the U.S. Supreme Court’s tariff ruling could ease export pressures. Strong Q4 current account data also pointed to solid FX inflows.Chinese equities rose on the improved trade tone. The yen was volatile, with USD/JPY briefly reclaiming 155.00 before slipping back below that level. The broader dollar was slightly firmer overall.Gold eased back under 5200, consolidating after recent strength.</div>

GOEX

Apple plans to shift some Mac mini production to Houston by 2026. China has added 20 Japanese firms to its export control list, impacting trade relations. The onshore yuan has surged to a 2½-year high against the USD, while the People's Bank of China has kept its Loan Prime Rates steady. Trade uncertainty remains as President Trump considers new tariffs. Chinese equities have rallied amid improved trade sentiment, while gold prices have dipped below 5200. Overall, market reactions to tariff news have been mixed, with ongoing policy ambiguity.

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investingLive Asia-Pacific FX news wrap: Tariff uncertainty persists, China rises