CNH

China news conference on the Third Plenum is due at the top of the hour

PBOC sets USD/ CNY reference rate for today at 7.1315 (vs. estimate at 7.2706)

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

PBOC is expected to set the USD/CNY reference rate at 7.2706 – Reuters estimate

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

Chinese Communist Party news conference called for July 19 - Third Plenum briefing

• Friday, 19 July 2024

PBOC sets USD/ CNY central rate at 7.1285 (vs. estimate at 7.2587)

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

PBOC is expected to set the USD/CNY reference rate at 7.2587 – Reuters estimate

• The rate will be on 7.12 or 7.13, way under this model estimate

PBOC sets USD/ CNY mid-point today at 7.1318 (vs. estimate at 7.2630)

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

PBOC is expected to set the USD/CNY reference rate at 7.2630 – Reuters estimate

• The rate will be on 7.13

Trump wants 60% tariff on China, China can respond by letting the yuan fall

• The People's Bank of China has already begun loosening its support of the CNY

PBOC sets USD/ CNY reference rate for today at 7.1328 (vs. estimate at 7.2671)

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

WSJ: China’s Economy Is in Trouble - Xi Jinping leaving long-running problems to fester

• China’s real-estate crisis, now in its third year, has become a major drag on the economy

PBOC is expected to set the USD/CNY reference rate at 7.2671 – Reuters estimate

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

Goldman Sachs trim its forecast for China's 2024 growth a litte, to 4.9% (from 5.0)

• Goldman Sachs response to yesterday's poor GDP data for Q2

China Plenum continues today - GDP miss yesterday increases calls for stimulus

• Standard Chartered expect cuts from the People's Bank of China, rates and RRR

China plenum meeting against the background of calls for more economic stimulus

• Follows China's poor Q2 GDP data