China

PBOC sets USD/ CNY mid-point today at 7.0943 (vs. estimate at 7.2037)

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

PBOC is expected to set the USD/CNY reference rate at 7.2037 – Reuters estimate

• The rate will be around 1200 pips lower than this if yesterday was a guide

Authorities in Hunan, Liaoning, Xi'an, Chongqing to close local financial asset exchanges

• Chinese financial authorities clampdown citing the risks of “pseudo-financial exchanges.”

PBOC is "alarmed" by the weakness of the yen (concerned over yuan implications)

• Pressure on the yen eyed by the People's Bank of China

AUD getting another boost from the China intervention to support CNY

• CNY, CNH both higher

PBOC sets USD/ CNY reference rate for today at 7.0996 (vs. estimate at 7.2267)

• USD/CNH (CNH is the offshore yuan) hit a 4-month high earlier today

China vice Commerce minister says will expand opening up to outside world

PBOC is expected to set the USD/CNY reference rate at 7.2267 – Reuters estimate

• People's Bank of China USD/CNY reference rate is due around 0115 GMT

China's Finance Minister said will allocate more fiscal resources

• More supportive comments from China

More on China's Premier Li weekend comments - "room for further macro policy steps"

• Li citing low inflation rate and low central government's debt burden

China's Li: low inflation, low central government debt means ample room for macro policy

• China's Premier Li Qiang spoke on Sunday.

China state banks seen buying yuan in onshore FX market

• Selling USD/CNY, intervention attempt

PBOC sets USD/ CNY reference rate for today at 7.1004 (vs. estimate at 7.2147 )

• Yesterday I said the PBoC would have welcomed the weaker USD after the FOMC. The USD regained it all overnight though.

PBOC is expected to set the USD/CNY reference rate at 7.2147 – Reuters estimate

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

Wall Street Journal says China Xi to meet US CEOs in Beijing next week - a "Rare meeting"