CNY

PBOC calls on banks to hold off on immediate dollar purchases - report

• China is said to ask big banks to stagger and adjust their dollar purchases

PBOC sets USD/ CNY central rate at 7.1874 (vs. estimate at 7.2784)

PBOC is expected to set the USD/CNY reference rate at 7.2784 – Reuters estimate

• This is the modelled estimate, given the PBOC aggressively holding down the mid-rate expect it to come in around 7.18 today

China - Shenzhen Eases Home Purchase Curbs to Unleash Demand

• Chinese media report on further steps to support China's property sector.

China says it has not issued a ban on purchase and/or use of iPhones

• Or any foreign brand phones for that matter, according to the Chinese foreign ministry

PBOC sets USD/ CNY reference rate for today at 7.1894 (vs. estimate at 7.2783)

PBOC is expected to set the USD/CNY reference rate at 7.2783 – Reuters estimate

UBS on Ueda and PBOC warning: Verbal intervention in FX needs fundamentals to back it up

PBOC sets USD/ CNY central rate at 7.1986 (vs. estimate at 7.2859)

PBOC is expected to set the USD/CNY reference rate at 7.2859 – Reuters estimate

ICYMI - The PBoC warned traders to be wary of short yuan speculation

PBOC to tighten scrutiny on bulk dollar purchases of $50 million and above - report

• Another step taken by the Chinese central bank to try and bolster support for the yuan

China August M2 money supply +10.6% vs +10.7% y/y expected

• Latest Chinese credit data for August 2023 has been released

Yuan exchange rate has solid basis to stay reasonably stable - PBOC

• A statement from the China central bank alongside the FX regulatory body

PBOC sets USD/ CNY mid-point today at 7.2148 (vs. estimate at 7.3437)