China

PBOC sets USD/ CNY mid-point today at 7.1048 (vs. estimate at 7.2363)

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

PBOC is expected to set the USD/CNY reference rate at 7.2363 – Reuters estimate

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

UBS is dialling back plans in China - high costs, poor profit outlook

China finance ministry has said it is in favor of the PBOC resuming trading Treasury bonds

• Would help boost liquidity in the economy

China acquired recently banned Nvidia chips in Super Micro, Dell servers

• Reuters with the info

US drafting sanctions threaten to cut some Chinese banks off from global financial system

• Wall Street Journal report on US targeting Chinese banks aiding Russia's war on Ukraine

PBOC sets USD/ CNY central rate at 7. 1059 (vs. estimate at 7.2437)

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

PBOC is expected to set the USD/CNY reference rate at 7.2437 – Reuters estimate

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

PBOC Loan Prime Rates (LPR) remain unchanged at today's rate setting, as expected

• LPRs set at 3.45% for the one-year and 3.95% for the five-year

PBOC sets USD/ CNY reference rate for today at 7.1043 (vs. estimate at 7.2359)

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

PBOC is expected to set the USD/CNY reference rate at 7.2359 – Reuters estimate

• The slightly lower USD should make the PBoC breathe a little easier today

US-China trade war ramping up: China slaps a 43% tariff on widely-used US chemical

• Propionic acid

The PBOC and FX officials will hold a news conference in China soon (0200 US Eastern time)

• 0200 US Eastern time is 0600 GMT

Reserve Bank of Australia: Chinas Monetary Policy Framework, Financial Market Transmission

• From the latest RBA 'Bulletin', for April 2024

PBOC sets USD/ CNY reference rate for today at 7.1020 (vs. estimate at 7.2281)

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