CNH

PBOC sets USD/ CNY mid-point today at 7.1312 (vs. estimate at 7.2633)

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

PBOC is expected to set the USD/CNY reference rate at 7.2633 – Reuters estimate

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

Note for the diary - China's plenum meeting in July will focus on the economy

• Expectations for big stimulus are low

PBOC sets USD/ CNY reference rate for today at 7.1291 (vs. estimate at 7.2774)

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

PBOC is expected to set the USD/CNY reference rate at 7.2774 – Reuters estimate

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

China Caixin Manufacturing PMI for June 2024 51.8 (expected 51.2, prior 51.7)

• 51.8 is the highest in three years

PBOC sets USD/ CNY reference rate for today at 7.1265 (vs. estimate at 7.2558)

• PBOC CNY reference rate setting for the trading session ahead

PBOC is expected to set the USD/CNY reference rate at 7.2558 – Reuters estimate

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

Weekend data - China's offiical PMIs for June were mixed, disappointing on the whole

• Manufacturing came in 49.5, services at 50.5

CNH continues to lose ground due to capital outflows

• Foreigners pull $4.54B via stock connect scheme

PBOC sets USD/ CNY reference rate for today at 7.1196 (vs. estimate at 7.2698)

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

PBOC is expected to set the USD/CNY reference rate at 7.2698 – Reuters estimate

• The rate will be set around 7.12

USD/CNH surging towards 7.30 as the PBoC dial back yuan support - fixing coming soon

• PBOC CNY reference rate setting for the trading session ahead coming soon

Offshore yuan at its lowest since November last year as the PBOC relaxes its grip on CNY

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

• People's Bank of China LPRs set at 3.45% for the one-year and 3.95% for the five-year