China

PBOC sets USD/ CNY mid-point today at 7.1106 (vs. estimate at 7.2430)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2430 – Reuters estimate

• Heads up - China is on holiday this coming Monday, June 10

PBOC sets USD/ CNY reference rate for today at 7.1108 (vs. estimate at 7.2436)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2436 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

China Caixin Services PMI for May 2024 54.0 (prior 52.5)

• Composite is 54.1 (prior 52.8)

PBOC sets USD/ CNY mid-point today at 7.1097 (vs. estimate at 7.2418)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2418 – Reuters estimate

• The rate will be on the 7.10 big figure

PBOC sets USD/ CNY central rate at 7.1083 (vs. estimate at 7.2297)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2297 – Reuters estimate

• The rate will be set around 7.10

China has allocated 6.4bn yuan for vehicle trade-in subsidees

• China's Ministry of Commerce with the boost

China Caixin Manufacturing PMI for May 2024: 51.7 (expected 51.5, prior 51.4)

• Caixin / S&P Global Manufacturing PMI highest since June of 2022

PBOC sets USD/ CNY reference rate for today at 7.1086 (vs. estimate at 7.2378)

• PBOC CNY reference rate setting for the trading session ahead.

PBOC is expected to set the USD/CNY reference rate at 7.2378 – Reuters estimate

• The rate set will be around 7.10 as the PBoC continues to prop up the yuan

China says UK has two spies inside 'Chinese Central State Organs'

More on the disappointing China manufacturing PMI for May - fell back into contraction

• A three month low at 49.5