CNH

China hopes the Netherlands would ensure "normal" trade of lithography machines

• Chip making concerns

PBOC is expected to set the USD/CNY reference rate at 7.2259 – Reuters estimate

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

China Industrial Profits (January & February) +10.2% y/y (vs. prior -2.3%)

• YTD China Industrial Profits data rising solidly

PBOC sets USD/ CNY mid-point today at 7.0946 (vs. estimate at 7.2250)

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

China Industrial Profits data due at the bottom of the hour

• Combined January - February figures to be released

PBOC is expected to set the USD/CNY reference rate at 7.2250 – Reuters estimate

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

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

FX intervention - China major state banks seen selling USD/CNY

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